Voyager Global Management LP Has $98.05 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Voyager Global Management LP increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 110,000 shares of the Internet television network's stock after buying an additional 9,000 shares during the period. Netflix comprises about 3.9% of Voyager Global Management LP's portfolio, making the stock its 10th biggest position. Voyager Global Management LP's holdings in Netflix were worth $98,045,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. West Michigan Advisors LLC raised its stake in Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after acquiring an additional 10 shares in the last quarter. Warwick Investment Management Inc. increased its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC increased its stake in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its stake in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after buying an additional 10 shares in the last quarter. Finally, Enzi Wealth increased its stake in shares of Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after buying an additional 11 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NFLX. FBN Securities began coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. Macquarie lifted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Monday, April 21st. Arete Research upgraded Netflix to a "hold" rating in a research report on Thursday, January 23rd. Robert W. Baird lifted their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,072.12.

Netflix Stock Performance

Shares of NFLX stock traded up $3.69 during midday trading on Tuesday, hitting $1,114.07. 1,700,103 shares of the company were exchanged, compared to its average volume of 3,701,247. The firm has a market capitalization of $474.11 billion, a P/E ratio of 56.10, a PEG ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm's 50 day moving average price is $957.26 and its two-hundred day moving average price is $908.81. Netflix, Inc. has a 52 week low of $544.25 and a 52 week high of $1,115.89.

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, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the firm posted $8.28 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company's stock, valued at $12,700,583. The trade was a 88.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 640 shares of the business's stock in a transaction dated Friday, April 25th. The shares were sold at an average price of $1,097.04, for a total transaction of $702,105.60. The disclosure for this sale can be found here. Insiders sold 274,495 shares of company stock valued at $268,176,922 in the last quarter. Company insiders own 1.76% of the company's stock.

Netflix Company 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.