Heck Capital Advisors LLC Purchases Shares of 500 Netflix, Inc. (NASDAQ:NFLX)

Heck Capital Advisors LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 500 shares of the Internet television network's stock, valued at approximately $446,000.

Other hedge funds have also added to or reduced their stakes in the company. Brown Shipley& Co Ltd purchased a new stake in Netflix during the fourth quarter worth $27,000. Pathway Financial Advisers LLC raised its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the period. Transce3nd LLC purchased a new position in Netflix during the fourth quarter worth about $32,000. Newton One Investments LLC acquired a new stake in shares of Netflix during the fourth quarter valued at about $34,000. Finally, Pineridge Advisors LLC increased its position in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 2.2%

NFLX stock traded up $26.18 during midday trading on Tuesday, reaching $1,211.57. 2,916,636 shares of the company's stock traded hands, compared to its average volume of 3,754,011. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm's fifty day moving average price is $1,040.74 and its 200-day moving average price is $965.67. The company has a market cap of $515.61 billion, a price-to-earnings ratio of 61.10, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,211.79.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the company earned $8.28 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on NFLX shares. Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Wells Fargo & Company upped their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Citigroup restated a "neutral" rating on shares of Netflix in a research report on Monday, May 5th. Finally, Oppenheimer reiterated an "outperform" rating and issued a $1,200.00 price target (up previously from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,102.79.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director now directly owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,868 shares of company stock valued at $138,483,256. Corporate insiders own 1.37% of the company's stock.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and games across various genres and languages. The company also provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, TV set-top boxes, and mobile devices.