Triglav Skladi D.O.O. Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Triglav Skladi D.O.O. bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 37,030 shares of the Internet television network's stock, valued at approximately $33,005,000. Netflix comprises 2.6% of Triglav Skladi D.O.O.'s holdings, making the stock its 10th biggest position.

Several other hedge funds also recently made changes to their positions in NFLX. Twinbeech Capital LP bought a new stake in Netflix during the fourth quarter valued at $21,558,000. Two Sigma Advisers LP lifted its stake in shares of Netflix by 935.7% in the 4th quarter. Two Sigma Advisers LP now owns 461,900 shares of the Internet television network's stock valued at $411,701,000 after acquiring an additional 417,300 shares during the last quarter. Two Sigma Investments LP lifted its stake in shares of Netflix by 49.8% in the 4th quarter. Two Sigma Investments LP now owns 279,677 shares of the Internet television network's stock valued at $249,282,000 after acquiring an additional 92,935 shares during the last quarter. Texas Bank & Trust Co bought a new stake in shares of Netflix in the 4th quarter valued at about $370,000. Finally, Teza Capital Management LLC lifted its stake in shares of Netflix by 180.5% in the 4th quarter. Teza Capital Management LLC now owns 2,833 shares of the Internet television network's stock valued at $2,525,000 after acquiring an additional 1,823 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director now directly owns 7,969 shares of the company's stock, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's 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. Insiders have sold 132,868 shares of company stock valued at $138,483,256 in the last ninety days. 1.76% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Guggenheim restated a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a report on Friday, May 16th. Canaccord Genuity Group boosted their price target on Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a report on Friday, May 16th. Robert W. Baird boosted their price target on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Loop Capital restated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,102.79.

Netflix Stock Up 0.2%

Shares of NFLX traded up $2.61 during mid-day trading on Wednesday, reaching $1,194.63. The company had a trading volume of 2,969,681 shares, compared to its average volume of 3,754,513. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a 50-day moving average price of $1,020.82 and a 200 day moving average price of $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 market capitalization of $508.40 billion, a price-to-earnings ratio of 60.24, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results 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 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 period in the previous year, the firm posted $8.28 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.