Picton Mahoney Asset Management Purchases New Shares in Netflix, Inc. (NASDAQ:NFLX)

Picton Mahoney Asset Management purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,313 shares of the Internet television network's stock, valued at approximately $10,549,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Resurgent Financial Advisors LLC increased its position in shares of Netflix by 234.4% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,010 shares of the Internet television network's stock valued at $942,000 after purchasing an additional 708 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock valued at $1,227,468,000 after purchasing an additional 110,432 shares during the last quarter. PharVision Advisers LLC purchased a new stake in shares of Netflix during the 4th quarter valued at $873,000. New England Research & Management Inc. increased its holdings in Netflix by 148.5% in the 1st quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after acquiring an additional 1,268 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Netflix by 6.1% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 54,638 shares of the Internet television network's stock worth $50,952,000 after acquiring an additional 3,137 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NFLX opened at $1,174.60 on Tuesday. The company has a market cap of $499.12 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 1.99 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. The stock has a 50-day moving average price of $1,236.10 and a 200-day moving average price of $1,076.50. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $7.07 by $0.12. The firm had revenue of $11.08 billion during the quarter, compared to the consensus estimate of $11.04 billion. Netflix had a return on equity of 42.50% and a net margin of 24.58%. The company's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the company posted $4.88 EPS. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on NFLX. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Oppenheimer lifted their price objective on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Wedbush reissued an "outperform" rating and issued a $1,500.00 price objective (up previously from $1,400.00) on shares of Netflix in a report on Monday, July 14th. Canaccord Genuity Group reissued a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Finally, Bank of America lifted their price objective 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 issued a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Buying and Selling

In related news, Director Reed Hastings sold 9,673 shares of the business's stock in a transaction that occurred 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 sale, the director owned 394 shares in the company, valued at $523,669.34. The trade was a 96.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 1,090 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $1,250.00, for a total value of $1,362,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 153,408 shares of company stock worth $186,614,540 over the last ninety days. Corporate insiders own 1.37% of the company's stock.

Netflix 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.

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