Vise Technologies Inc. Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Vise Technologies Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 62.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,040 shares of the Internet television network's stock after purchasing an additional 3,101 shares during the quarter. Netflix accounts for approximately 0.6% of Vise Technologies Inc.'s portfolio, making the stock its 28th largest position. Vise Technologies Inc.'s holdings in Netflix were worth $7,166,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of NFLX. West Michigan Advisors LLC boosted its stake in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. boosted its stake in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC boosted its stake in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after buying an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC boosted its stake in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. boosted its stake in Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after buying an additional 10 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on NFLX. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Pivotal Research boosted their price objective on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a research report on Thursday, April 17th. KeyCorp boosted their price objective on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Eleven equities research 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,102.79.

Insider Activity at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction that occurred on Tuesday, April 29th. The shares were 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 in the company, 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 have sold 132,868 shares of company stock valued at $138,483,256 over the last ninety days. Insiders own 1.76% of the company's stock.

Netflix Stock Down 0.2%

Shares of NASDAQ NFLX traded down $2.58 during trading on Friday, reaching $1,185.39. The company had a trading volume of 2,183,293 shares, compared to its average volume of 3,757,359. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,211.22. The stock has a market cap of $504.47 billion, a PE ratio of 59.78, a P/E/G ratio of 2.12 and a beta of 1.58. The business's 50-day moving average is $1,036.22 and its 200 day moving average is $961.79. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the firm posted $8.28 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.