4,200 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Trivest Advisors Ltd

Trivest Advisors Ltd acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,200 shares of the Internet television network's stock, valued at approximately $2,045,000. Netflix accounts for approximately 0.1% of Trivest Advisors Ltd's investment portfolio, making the stock its 22nd largest holding.

A number of other large investors have also bought and sold shares of the company. Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Netflix in the third quarter worth about $26,000. Blue Bell Private Wealth Management LLC boosted its position in shares of Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network's stock valued at $36,000 after acquiring an additional 35 shares during the period. Pacifica Partners Inc. bought a new stake in Netflix during the fourth quarter valued at $41,000. Finally, Bear Mountain Capital Inc. bought a new position in Netflix in the 4th quarter worth about $45,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. DZ Bank upgraded shares of Netflix from a "hold" rating to a "buy" rating and set a $600.00 price objective on the stock in a research report on Thursday, January 25th. Pivotal Research boosted their target price on Netflix from $765.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, April 19th. Bank of America raised their price target on Netflix from $650.00 to $700.00 and gave the stock a "buy" rating in a research report on Friday, April 19th. Wedbush reissued an "outperform" rating and set a $725.00 price objective on shares of Netflix in a research note on Friday, April 19th. Finally, Jefferies Financial Group lifted their target price on shares of Netflix from $580.00 to $700.00 and gave the stock a "buy" rating in a research note on Tuesday, March 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $631.15.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gregory K. Peters sold 5,352 shares of the firm's stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company's stock, valued at $8,181,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 20,566 shares of the business's stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now owns 28 shares of the company's stock, valued at $17,091.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 78,039 shares of company stock worth $46,401,083. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $1.22 during midday trading on Friday, reaching $610.87. 2,653,586 shares of the company's stock traded hands, compared to its average volume of 4,652,068. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a one year low of $329.61 and a one year high of $639.00. The company has a market cap of $263.28 billion, a price-to-earnings ratio of 42.39, a P/E/G ratio of 1.48 and a beta of 1.23. The stock has a 50 day moving average of $603.12 and a 200 day moving average of $534.98.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter last year, the firm posted $2.88 EPS. The business's quarterly revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Netflix, Inc. will post 18.3 EPS for the current fiscal 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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