BayBridge Capital Group LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

BayBridge Capital Group LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,447 shares of the Internet television network's stock, valued at approximately $1,204,000. Netflix accounts for 1.1% of BayBridge Capital Group LLC's holdings, making the stock its 18th largest holding.

Other large investors have also bought and sold shares of the company. Jennison Associates LLC raised its holdings in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network's stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares during the period. Norges Bank acquired a new stake in Netflix in the fourth quarter worth $2,558,598,000. Northern Trust Corp raised its holdings in Netflix by 2.1% in the third quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network's stock worth $1,749,712,000 after purchasing an additional 96,938 shares during the period. Fisher Asset Management LLC raised its holdings in Netflix by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network's stock worth $2,006,483,000 after purchasing an additional 78,298 shares during the period. Finally, Clearbridge Investments LLC raised its holdings in Netflix by 5.3% in the third quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network's stock worth $1,051,123,000 after purchasing an additional 139,165 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Anne M. Sweeney sold 633 shares of the business's stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 78,039 shares of company stock valued at $46,401,083. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $4.80 during midday trading on Thursday, hitting $635.67. The stock had a trading volume of 2,311,548 shares, compared to its average volume of 4,253,525. The company's 50-day moving average price is $606.78 and its 200-day moving average price is $547.45. The company has a market capitalization of $273.97 billion, a P/E ratio of 44.11, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $650.88.

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 the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm's revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.88 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 18.31 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on NFLX. Rosenblatt Securities increased their target price on shares of Netflix from $540.00 to $554.00 and gave the stock a "neutral" rating in a report on Friday, May 17th. The Goldman Sachs Group raised their price objective on shares of Netflix from $500.00 to $565.00 and gave the stock a "neutral" rating in a report on Wednesday, January 24th. Macquarie raised their price objective on shares of Netflix from $595.00 to $685.00 and gave the stock an "outperform" rating in a report on Tuesday, April 16th. Oppenheimer restated an "outperform" rating and set a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $525.00 to $550.00 and gave the stock a "hold" rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $630.53.

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.