Naples Money Management LLC Invests $4 Million in Netflix, Inc. (NASDAQ:NFLX)

Naples Money Management LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,223 shares of the Internet television network's stock, valued at approximately $4,004,000. Netflix accounts for about 3.7% of Naples Money Management LLC's holdings, making the stock its 3rd largest holding.

Several other institutional investors also recently added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC purchased a new position in Netflix in the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix in the 3rd quarter worth about $26,000. Carmel Capital Partners LLC increased its position in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network's stock valued at $30,000 after purchasing an additional 58 shares during the period. Blue Bell Private Wealth Management LLC increased its position in Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network's stock valued at $36,000 after purchasing an additional 35 shares during the period. Finally, Evermay Wealth Management LLC increased its position in Netflix by 94.9% during the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network's stock valued at $40,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In related news, CEO Gregory K. Peters sold 5,352 shares of the business's stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company's stock, valued at approximately $8,181,250. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider David A. Hyman sold 267 shares of the company's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares of the company's stock, valued at $17,575,476.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 5,352 shares of the company's stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company's stock, valued at approximately $8,181,250. The disclosure for this sale can be found here. Insiders sold a total of 268,335 shares of company stock valued at $151,619,811 in the last three months. 2.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Canaccord Genuity Group downgraded shares of Netflix from a "buy" rating to a "hold" rating and cut their target price for the company from $720.00 to $585.00 in a research report on Friday. Evercore ISI raised their target price on shares of Netflix from $640.00 to $650.00 and gave the company an "outperform" rating in a research report on Friday. Canaccord Genuity Group reissued a "hold" rating and set a $585.00 target price (down previously from $720.00) on shares of Netflix in a research report on Friday. Pivotal Research raised their target price on shares of Netflix from $765.00 to $800.00 and gave the company a "buy" rating in a research report on Friday. Finally, Redburn Atlantic raised their target price on shares of Netflix from $550.00 to $610.00 and gave the company a "buy" rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $630.58.

Netflix Stock Performance

NASDAQ NFLX traded down $55.52 on Friday, hitting $555.04. 16,426,221 shares of the company's stock traded hands, compared to its average volume of 4,457,433. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The firm's 50-day moving average price is $605.77 and its two-hundred day moving average price is $511.86. The firm has a market capitalization of $240.20 billion, a PE ratio of 46.42, a P/E/G ratio of 1.65 and a beta of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business had revenue of $9.37 billion during the quarter, compared to analysts' expectations of $9.28 billion. During the same period in the previous year, the business posted $2.88 EPS. The business's quarterly revenue was up 14.8% compared to the same quarter last year. As a group, analysts expect that Netflix, Inc. will post 17.05 EPS for the current year.

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.

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