Sunbeam Capital Management LLC Buys Shares of 382 Netflix, Inc. (NASDAQ:NFLX)

Sunbeam Capital Management LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 382 shares of the Internet television network's stock, valued at approximately $340,000.

A number of other large investors have also bought and sold shares of the business. Drucker Wealth 3.0 LLC acquired a new position in Netflix during the 4th quarter worth $420,000. Kingstone Capital Partners Texas LLC acquired a new position in Netflix during the 4th quarter worth $640,000. Ball & Co Wealth Management Inc. acquired a new position in Netflix during the 4th quarter worth $221,000. Jupiter Wealth Management LLC lifted its holdings in Netflix by 633.3% during the 4th quarter. Jupiter Wealth Management LLC now owns 1,100 shares of the Internet television network's stock worth $980,000 after buying an additional 950 shares in the last quarter. Finally, Cache Advisors LLC acquired a new position in Netflix during the 4th quarter worth $1,920,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NFLX stock traded up $26.18 during trading on Tuesday, reaching $1,211.57. 2,914,778 shares of the company's stock were exchanged, compared to its average volume of 4,685,795. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $515.61 billion, a PE ratio of 61.10, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,211.77. The firm's fifty day moving average price is $1,040.74 and its 200-day moving average price is $965.67.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates 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 previous year, the firm earned $8.28 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 1,358 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock valued at $138,483,256 in the last ninety days. 1.37% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on NFLX. Macquarie increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Guggenheim reissued a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Wall Street Zen downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus 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.