Schonfeld Strategic Advisors LLC Has $49.11 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Schonfeld Strategic Advisors LLC grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,096 shares of the Internet television network's stock after buying an additional 5,680 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in Netflix were worth $49,108,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NFLX. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the period. Transce3nd LLC purchased a new stake in shares of Netflix in the fourth quarter valued at about $32,000. Newton One Investments LLC acquired a new position in Netflix in the fourth quarter valued at about $34,000. Pineridge Advisors LLC lifted its position in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its position in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Wells Fargo & Company boosted their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Macquarie increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Canaccord Genuity Group lifted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Rosenblatt Securities boosted their price target on Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Evercore ISI upped their target price on Netflix from $1,100.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,072.12.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 41,121 shares of the company's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now owns 31,610 shares of the company's stock, valued at $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 274,495 shares of company stock worth $268,176,922. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Up 0.5 %

Shares of NFLX traded up $6.08 during trading hours on Wednesday, reaching $1,131.72. The company's stock had a trading volume of 4,253,223 shares, compared to its average volume of 3,717,453. The company has a 50 day moving average of $961.86 and a two-hundred day moving average of $911.84. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,133.09. The firm has a market cap of $481.63 billion, a price-to-earnings ratio of 57.07, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during 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 business earned $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 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.