M1 Capital Management LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

M1 Capital Management LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 359 shares of the Internet television network's stock, valued at approximately $320,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its stake in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the period. Brown Shipley& Co Ltd bought a new stake in Netflix in the 4th quarter valued at $27,000. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter valued at $32,000. Newton One Investments LLC acquired a new stake in shares of Netflix during the 4th quarter worth about $34,000. Finally, Pineridge Advisors LLC increased its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NFLX shares. Macquarie raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. restated a "neutral" rating and set a $1,220.00 target price (up from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Benchmark reiterated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Evercore ISI restated an "outperform" rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,112.79.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 640 shares of the business's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total transaction of $764,652.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 1,358 shares of the business's 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 133,348 shares of company stock valued at $139,087,908. Insiders own 1.37% of the company's stock.

Netflix Stock Down 2.0%

Shares of NFLX traded down $23.69 during midday trading on Thursday, hitting $1,184.86. The company had a trading volume of 3,298,873 shares, compared to its average volume of 3,749,449. The company's 50-day simple moving average is $1,050.92 and its 200-day simple moving average is $969.04. 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 firm has a market capitalization of $504.24 billion, a P/E ratio of 59.75, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,215.91.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

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.