Two Sigma Advisers LP Has $411.70 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Two Sigma Advisers LP lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 935.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 461,900 shares of the Internet television network's stock after acquiring an additional 417,300 shares during the period. Netflix makes up about 1.0% of Two Sigma Advisers LP's investment portfolio, making the stock its 21st largest holding. Two Sigma Advisers LP owned about 0.11% of Netflix worth $411,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Netflix by 137.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 1,508 shares of the Internet television network's stock worth $1,344,000 after buying an additional 874 shares in the last quarter. Capital & Planning LLC bought a new position in shares of Netflix during the 4th quarter worth approximately $809,000. Sanibel Captiva Trust Company Inc. raised its holdings in shares of Netflix by 13.9% in the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 2,052 shares of the Internet television network's stock valued at $1,829,000 after purchasing an additional 250 shares during the last quarter. Trust Co. of Vermont raised its holdings in shares of Netflix by 2.5% in the fourth quarter. Trust Co. of Vermont now owns 570 shares of the Internet television network's stock valued at $508,000 after purchasing an additional 14 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in shares of Netflix by 35.3% in the fourth quarter. Ameritas Advisory Services LLC now owns 3,733 shares of the Internet television network's stock worth $3,327,000 after purchasing an additional 973 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the business's 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 transaction, the director now directly owns 79,040 shares of the company's stock, valued at $87,099,708.80. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock valued at $138,483,256 over the last quarter. 1.76% of the stock is owned by company insiders.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $1.05 during midday trading on Friday, reaching $1,189.02. The company's stock had a trading volume of 1,081,477 shares, compared to its average volume of 3,742,755. 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 company has a market cap of $506.01 billion, a P/E ratio of 59.96, a P/E/G ratio of 2.12 and a beta of 1.58. The business's 50 day moving average price is $1,031.11 and its two-hundred day moving average price is $957.63. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,211.22.

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 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 period in the prior year, the company posted $8.28 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on NFLX. Piper Sandler set a $1,150.00 price target on shares of Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. Arete Research raised Netflix to a "hold" rating in a research report on Thursday, January 23rd. Barclays raised their price target on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Wedbush reiterated an "outperform" rating and set a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,102.79.

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.