Vega Investment Solutions Makes New $217,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Vega Investment Solutions purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 243 shares of the Internet television network's stock, valued at approximately $217,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix in the 4th quarter valued at approximately $27,000. Pathway Financial Advisers LLC raised its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares during the period. Transce3nd LLC purchased a new stake in shares of Netflix in the 4th quarter valued at approximately $32,000. Newton One Investments LLC purchased a new stake in Netflix during the 4th quarter worth approximately $34,000. Finally, Pineridge Advisors LLC lifted its holdings 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 buying an additional 40 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NFLX. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Arete Research raised Netflix to a "hold" rating in a research report on Thursday, January 23rd. Cfra Research raised Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Macquarie upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Finally, Morgan Stanley upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,102.79.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at $3,624,746.55. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock worth $138,483,256 over the last 90 days. Company insiders own 1.76% of the company's stock.

Netflix Stock Down 0.6%

Shares of Netflix stock opened at $1,187.97 on Friday. The company has a market cap of $505.57 billion, a P/E ratio of 59.91, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,211.22. The firm has a fifty day moving average of $1,031.11 and a two-hundred day moving average of $957.63.

Netflix (NASDAQ:NFLX - Get Free Report) last announced 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the firm earned $8.28 EPS. On average, analysts forecast 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.

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