Voleon Capital Management LP Invests $923,000 in Netflix, Inc. (NASDAQ:NFLX)

Voleon Capital Management LP bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,035 shares of the Internet television network's stock, valued at approximately $923,000.

A number of other large investors also recently added to or reduced their stakes in NFLX. Vanguard Group Inc. raised its position in Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC raised its holdings in Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after buying an additional 375,234 shares during the period. Geode Capital Management LLC lifted its position in Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after buying an additional 175,596 shares during the last quarter. Norges Bank purchased a new position in Netflix during the fourth quarter worth $5,019,087,000. Finally, Alliancebernstein L.P. increased its position in Netflix by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock valued at $4,582,568,000 after acquiring an additional 82,564 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of Netflix stock traded up $23.02 on Friday, reaching $1,156.49. 3,766,329 shares of the stock were exchanged, compared to its average volume of 3,720,374. The business has a 50 day moving average price of $968.34 and a two-hundred day moving average price of $917.85. The firm has a market capitalization of $492.17 billion, a price-to-earnings ratio of 58.32, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a twelve month low of $565.16 and a twelve month high of $1,159.03. 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 released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating 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 business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the firm earned $8.28 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the transaction, the director now directly owns 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 424 shares of the stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total transaction of $421,723.12. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $31,440,254.30. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 182,759 shares of company stock worth $186,744,388. Insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on NFLX. Robert W. Baird upped their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Morgan Stanley increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Macquarie boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a report on Monday, April 21st. JPMorgan Chase & Co. increased their target price on Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Finally, Benchmark reissued a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,072.12.

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.