Two Sigma Investments LP Acquires 92,935 Shares of Netflix, Inc. (NASDAQ:NFLX)

Two Sigma Investments LP grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 49.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 279,677 shares of the Internet television network's stock after acquiring an additional 92,935 shares during the quarter. Netflix accounts for about 0.5% of Two Sigma Investments LP's investment portfolio, making the stock its 15th largest holding. Two Sigma Investments LP owned about 0.07% of Netflix worth $249,282,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Pathway Financial Advisers LLC grew its stake in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Transce3nd LLC bought a new position in Netflix during the 4th quarter worth $32,000. Newton One Investments LLC bought a new position in Netflix during the 4th quarter worth $34,000. Pineridge Advisors LLC increased its stake in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the period. Finally, Stuart Chaussee & Associates Inc. increased its stake in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after acquiring an additional 45 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the sale, the director now owns 7,969 shares in the company, valued at $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock valued at $138,483,256 over the last quarter. Corporate insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NFLX. KeyCorp lifted their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Citigroup reiterated a "neutral" rating on shares of Netflix in a research report on Monday, May 5th. Robert W. Baird boosted their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an "overweight" rating in a research note on Monday, April 21st. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $1,200.00 price target (up from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,102.79.

Netflix Stock Up 0.2%

NASDAQ:NFLX traded up $2.61 during trading hours on Wednesday, hitting $1,194.63. 2,969,681 shares of the stock traded hands, compared to its average volume of 3,754,513. The firm has a 50 day moving average price of $1,020.82 and a 200 day moving average price of $952.98. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,210.94. The firm 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.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the company posted $8.28 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.