Sphera Management Technology Funds Ltd Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Sphera Management Technology Funds Ltd purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,060 shares of the Internet television network's stock, valued at approximately $1,836,000. Netflix makes up about 1.1% of Sphera Management Technology Funds Ltd's investment portfolio, making the stock its 23rd largest position.

A number of other large investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC increased its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Transce3nd LLC purchased a new stake in Netflix during the fourth quarter worth about $32,000. Newton One Investments LLC purchased a new stake in Netflix during the fourth quarter worth about $34,000. Pineridge Advisors LLC increased its holdings in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. increased its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix 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 this link. Also, insider Cletus R. Willems sold 298 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $35,972,180. This represents a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,868 shares of company stock worth $138,483,256. Company insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Barclays lifted their target price on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday, April 21st. Cfra Research upgraded shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Arete Research upgraded shares of Netflix to a "hold" rating in a research note on Thursday, January 23rd. FBN Securities assumed coverage on shares of Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Netflix has a consensus rating of "Moderate Buy" and an average price target of $1,102.79.

Netflix Trading Up 0.2%

Shares of Netflix stock traded up $2.61 during trading on Wednesday, reaching $1,194.63. The company's stock had a trading volume of 2,969,681 shares, compared to its average volume of 3,754,513. The company has a market cap of $508.40 billion, a price-to-earnings ratio of 60.24, a PEG ratio of 2.12 and a beta of 1.58. The firm's 50-day moving average is $1,020.82 and its two-hundred day moving average is $952.98. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,210.94. 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 posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the business posted $8.28 earnings per share. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.