Westbourne Investments Inc. Invests $1.03 Million in Netflix, Inc. (NASDAQ:NFLX)

Westbourne Investments Inc. acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,158 shares of the Internet television network's stock, valued at approximately $1,032,000.

Other large investors have also recently made changes to their positions in the company. West Michigan Advisors LLC grew its holdings in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after purchasing an additional 10 shares in the last quarter. Warwick Investment Management Inc. lifted its position in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares during the period. MRP Capital Investments LLC boosted its stake in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after buying an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC increased its holdings in Netflix by 2.2% in the 4th 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 during the period. Finally, Mission Creek Capital Partners Inc. raised its stake in shares of Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on NFLX shares. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and upped their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Wedbush upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Evercore ISI raised 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. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Finally, Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,084.91.

Netflix Trading Up 2.0 %

Shares of Netflix stock traded up $23.02 on Friday, hitting $1,156.49. 3,766,329 shares of the company's stock traded hands, compared to its average volume of 3,720,376. Netflix, Inc. has a one year low of $565.16 and a one year high of $1,159.44. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $492.17 billion, a PE ratio of 58.32, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The firm's 50-day moving average price is $968.34 and its two-hundred day moving average price is $917.85.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates 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 firm posted $8.28 earnings per share. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Reed Hastings sold 26,977 shares of the stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the sale, the director now directly owns 394 shares of the company's stock, valued at approximately $446,421.70. The trade was a 98.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 182,759 shares of company stock worth $186,744,388. 1.76% of the stock is currently owned by company insiders.

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.