8,832 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Panoramic Capital LLC

Panoramic Capital LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,832 shares of the Internet television network's stock, valued at approximately $7,872,000. Netflix accounts for about 4.2% of Panoramic Capital LLC's investment portfolio, making the stock its 3rd biggest position.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in Netflix during the 4th quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC raised its stake in Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Netflix by 59.3% during the 4th 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 last quarter. Massachusetts Financial Services Co. MA raised its stake in Netflix by 318.9% during the 4th 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 last quarter. Finally, Northern Trust Corp raised its stake in Netflix by 14.3% during the 4th 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 last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NASDAQ:NFLX traded up $13.55 during trading hours on Friday, reaching $1,191.53. 4,681,460 shares of the company traded hands, compared to its average volume of 3,764,905. The firm's 50-day moving average is $1,003.42 and its 200-day moving average is $942.62. The stock has a market cap of $507.08 billion, a P/E ratio of 60.09, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,197.39.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the firm earned $8.28 EPS. Equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on the company. KeyCorp upped their price objective on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. UBS Group reduced their price objective on Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Arete Research raised Netflix to a "hold" rating in a research note on Thursday, January 23rd. Canaccord Genuity Group increased their target price on Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Wedbush reissued an "outperform" rating and set a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average price target of $1,093.39.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director now owns 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock worth $138,483,256 over the last quarter. 1.76% of the stock is currently owned by insiders.

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.