Netflix, Inc. (NASDAQ:NFLX) Stock Position Lifted by JBF Capital Inc.

Key Points

• JBF Capital Inc. increased its stake in Netflix, Inc. by 58%, now holding 7,900 shares worth $7,367,000, making Netflix its 8th largest investment.
• Netflix's stock opened at $1,159.40, with a 52-week range between $587.04 and $1,341.15, and a market cap of $492.66 billion.
• Analysts have upgraded Netflix's rating to "buy", with the stock holding a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

JBF Capital Inc. grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 58.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,900 shares of the Internet television network's stock after purchasing an additional 2,900 shares during the quarter. Netflix makes up 1.4% of JBF Capital Inc.'s holdings, making the stock its 8th biggest holding. JBF Capital Inc.'s holdings in Netflix were worth $7,367,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Netflix by 100.0% in the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new position in shares of Netflix in the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new position in shares of Netflix in the fourth quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.1%

Netflix stock traded down $0.80 during trading on Friday, hitting $1,158.60. 3,886,745 shares of the company were exchanged, compared to its average volume of 3,831,108. The business's 50 day moving average is $1,234.32 and its 200 day moving average is $1,082.35. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15. The company has a market capitalization of $492.32 billion, a P/E ratio of 49.37, a PEG ratio of 1.95 and a beta of 1.59. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.07 by $0.12. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The business had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. During the same quarter in the prior year, the company posted $4.88 earnings per share. Netflix's revenue was up 15.9% compared to the same quarter last year. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Strive Masiyiwa sold 290 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,336.54, for a total value of $387,596.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Reed Hastings sold 9,673 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $523,669.34. This represents a 96.09% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 123,830 shares of company stock valued at $153,102,930 in the last three months. Insiders own 1.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Wolfe Research set a $1,340.00 target price on Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Wall Street Zen upgraded Netflix from a "hold" rating to a "buy" rating in a report on Saturday, July 26th. Finally, Bank of America lifted their target price on Netflix from $1,175.00 to $1,490.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Company 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.