Polar Asset Management Partners Inc. Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Polar Asset Management Partners Inc. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 270.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,300 shares of the Internet television network's stock after acquiring an additional 19,200 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Netflix were worth $23,442,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Polar Capital Holdings Plc lifted its stake in shares of Netflix by 1.2% in the fourth quarter. Polar Capital Holdings Plc now owns 196,703 shares of the Internet television network's stock valued at $175,325,000 after buying an additional 2,330 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Netflix by 19.5% in the fourth quarter. ProShare Advisors LLC now owns 549,231 shares of the Internet television network's stock valued at $489,541,000 after buying an additional 89,777 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Netflix by 12.1% in the fourth quarter. Quantinno Capital Management LP now owns 68,455 shares of the Internet television network's stock valued at $61,015,000 after buying an additional 7,407 shares in the last quarter. Panoramic Capital LLC bought a new position in shares of Netflix in the fourth quarter valued at $7,872,000. Finally, Mufg Securities Americas Inc. purchased a new stake in shares of Netflix in the fourth quarter valued at about $5,625,000. 80.93% of the stock is owned by institutional investors.

Insider Activity

In other Netflix news, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of Netflix 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 transaction of $4,405,974.94. Following the sale, the director now owns 7,969 shares of the company's stock, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,868 shares of company stock worth $138,483,256. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on NFLX. Wedbush reiterated an "outperform" rating and issued a $1,200.00 target price on shares of Netflix in a report on Monday, May 5th. Bank of America increased their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. Evercore ISI increased their target price on shares of Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Finally, StockNews.com downgraded shares of Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,093.39.

Netflix Stock Performance

Shares of NFLX traded up $13.55 during trading hours on Friday, hitting $1,191.53. The company's stock had a trading volume of 4,681,460 shares, compared to its average volume of 3,764,905. The business has a 50 day simple moving average of $1,009.34 and a two-hundred day simple moving average of $945.60. 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 52-week low of $587.04 and a 52-week high of $1,196.50. The company has a market cap of $507.08 billion, a price-to-earnings ratio of 60.09, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the business earned $8.28 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.