Strategic Global Advisors LLC Buys 1,747 Shares of Netflix, Inc. (NASDAQ:NFLX)

Strategic Global Advisors LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,329 shares of the Internet television network's stock after acquiring an additional 1,747 shares during the quarter. Netflix makes up about 2.2% of Strategic Global Advisors LLC's portfolio, making the stock its 10th biggest holding. Strategic Global Advisors LLC's holdings in Netflix were worth $11,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. West Michigan Advisors LLC increased its position in Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. boosted its position in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC grew its stake in shares of 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 purchasing an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC grew its stake in shares of 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 purchasing an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. increased its holdings in shares of Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after purchasing an additional 10 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on NFLX shares. Wedbush reaffirmed an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a report on Monday, May 5th. Bank of America upped their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Morgan Stanley raised their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Wells Fargo & Company boosted their target price on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,093.39.

Netflix Stock Performance

Shares of NFLX stock opened at $1,191.53 on Friday. The company has a market capitalization of $507.08 billion, a price-to-earnings ratio of 60.09, 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 $1,196.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock's fifty day simple moving average is $1,009.34 and its 200-day simple moving average is $946.93.

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 the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the business posted $8.28 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, insider Cletus R. Willems sold 298 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $35,972,180. The trade was a 0.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 132,868 shares of company stock worth $138,483,256. 1.76% of the stock is currently owned by company insiders.

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.

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