ProShare Advisors LLC Acquires 89,777 Shares of Netflix, Inc. (NASDAQ:NFLX)

ProShare Advisors LLC increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 549,231 shares of the Internet television network's stock after acquiring an additional 89,777 shares during the period. Netflix makes up about 1.1% of ProShare Advisors LLC's holdings, making the stock its 11th biggest position. ProShare Advisors LLC owned 0.13% of Netflix worth $489,541,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pathway Financial Advisers LLC increased its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares during the period. Transce3nd LLC bought a new stake in Netflix during the 4th quarter worth approximately $32,000. Newton One Investments LLC bought a new stake in Netflix during the 4th quarter worth approximately $34,000. Pineridge Advisors LLC increased its holdings in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC increased its holdings in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after acquiring an additional 16 shares during the period. Institutional investors own 80.93% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on NFLX shares. JPMorgan Chase & Co. upped their target price on shares of Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Macquarie increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Benchmark reissued a "hold" rating on shares of Netflix in a report on Monday, April 21st. Finally, Guggenheim reissued a "buy" rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,084.91.

Netflix Trading Up 1.1%

NASDAQ:NFLX opened at $1,150.99 on Thursday. The company has a 50-day moving average price of $997.19 and a 200-day moving average price of $939.66. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,164.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $489.83 billion, a price-to-earnings ratio of 58.04, a P/E/G ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period last year, the company posted $8.28 EPS. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the firm's stock in a transaction dated 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 completion of the sale, the director now directly owns 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 132,868 shares of company stock valued at $138,483,256 in the last three months. Company insiders own 1.76% of the company's stock.

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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