TFR Capital LLC. Makes New $4.56 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

TFR Capital LLC. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,117 shares of the Internet television network's stock, valued at approximately $4,561,000. Netflix makes up approximately 2.3% of TFR Capital LLC.'s holdings, making the stock its 12th largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Michigan Advisors LLC boosted its holdings in shares of 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 buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. boosted its holdings in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC boosted its holdings in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $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% during the 4th 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 during the period. Finally, Mission Creek Capital Partners Inc. boosted its stake in Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $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.

Netflix Price Performance

Shares of NFLX traded down $23.69 during trading hours on Thursday, reaching $1,184.86. 3,297,341 shares of the company traded hands, compared to its average volume of 3,749,218. The stock has a market capitalization of $504.24 billion, a PE ratio of 59.75, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The stock has a fifty day simple moving average of $1,050.92 and a 200 day simple moving average of $969.04. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,215.91. 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 data 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. The firm had revenue of $10.54 billion during 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 last year, the business posted $8.28 EPS. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director now owns 79,040 shares in the company, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 640 shares of Netflix stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $1,194.77, for a total value of $764,652.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,348 shares of company stock worth $139,087,908. 1.37% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NFLX. Piper Sandler set a $1,150.00 price target on shares of Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Morgan Stanley increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Needham & Company LLC reiterated a "buy" rating and set a $1,126.00 price target on shares of Netflix in a research note on Thursday, April 17th. Robert W. Baird increased their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. 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 data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $1,112.79.

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.