Lakeshore Capital Group Inc. Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Lakeshore Capital Group Inc. bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,601 shares of the Internet television network's stock, valued at approximately $1,427,000. Netflix accounts for 2.2% of Lakeshore Capital Group Inc.'s portfolio, making the stock its 14th biggest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Netflix in the 4th quarter valued at about $5,019,087,000. Proficio Capital Partners LLC boosted its stake in shares of Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after buying an additional 1,924,423 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after acquiring an additional 570,674 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $26.18 during trading on Tuesday, reaching $1,211.57. The stock had a trading volume of 2,916,636 shares, compared to its average volume of 3,754,011. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $515.61 billion, a PE ratio of 61.10, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,211.79. The firm's 50 day moving average price is $1,040.74 and its two-hundred day moving average price is $965.67.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping 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 net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the company posted $8.28 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently commented on NFLX. Benchmark reiterated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. JPMorgan Chase & Co. restated a "neutral" rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research report on Monday, May 19th. Wells Fargo & Company upped their price objective on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Needham & Company LLC restated a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. Finally, Citigroup restated a "neutral" rating on shares of Netflix in a research report on Monday, May 5th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,102.79.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 1,358 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the director now directly owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 132,868 shares of company stock worth $138,483,256. 1.37% of the stock is currently owned by company insiders.

About Netflix

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.