Xponance Inc. Buys 2,766 Shares of Netflix, Inc. (NASDAQ:NFLX)

Xponance Inc. increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,208 shares of the Internet television network's stock after buying an additional 2,766 shares during the period. Netflix accounts for 0.9% of Xponance Inc.'s portfolio, making the stock its 16th largest holding. Xponance Inc.'s holdings in Netflix were worth $98,110,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its position in shares of Netflix by 109,524.3% in the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after acquiring an additional 8,827,662 shares during the period. Norges Bank bought a new stake in shares of Netflix in the fourth quarter valued at approximately $5,019,087,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after acquiring an additional 743,724 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after acquiring an additional 570,674 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, Director Reed Hastings sold 26,977 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the completion of the transaction, the director directly owned 394 shares in the company, valued at approximately $446,421.70. The trade was a 98.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the completion of the transaction, the director owned 7,969 shares of the company's stock, valued at $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock valued at $223,307,201 over the last 90 days. 1.37% of the stock is owned by company insiders.

Netflix Trading Down 0.4%

Shares of Netflix stock traded down $5.48 during trading on Friday, hitting $1,245.11. 3,948,915 shares of the company were exchanged, compared to its average volume of 3,766,443. The firm has a market capitalization of $529.88 billion, a P/E ratio of 58.84, a price-to-earnings-growth ratio of 2.27 and a beta of 1.59. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The firm's fifty day moving average price is $1,219.93 and its 200 day moving average price is $1,046.88. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20.

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 (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 39.61% and a net margin of 23.07%. During the same period in the previous year, the company earned $8.28 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. JPMorgan Chase & Co. raised their target price on Netflix from $1,220.00 to $1,230.00 and gave the stock a "neutral" rating in a research report on Friday. Jefferies Financial Group raised their target price on Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research report on Tuesday, June 3rd. Wedbush reaffirmed an "outperform" rating and issued a $1,200.00 target price on shares of Netflix in a research report on Monday, May 5th. Macquarie raised their target price 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, KeyCorp raised their target price on Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,214.52.

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.