EMC Capital Management Takes Position in Netflix, Inc. (NASDAQ:NFLX)

EMC Capital Management purchased a new stake in Netflix, Inc. (NASDAQ:NFLXFree Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 50 shares of the Internet television network’s stock, valued at approximately $45,000.

Several other hedge funds have also bought and sold shares of NFLX. RVW Wealth LLC acquired a new position in shares of Netflix during the fourth quarter valued at about $645,000. Crews Bank & Trust acquired a new position in Netflix during the 4th quarter valued at about $119,000. OLD National Bancorp IN increased its holdings in Netflix by 0.6% during the 4th quarter. OLD National Bancorp IN now owns 3,567 shares of the Internet television network’s stock worth $3,179,000 after purchasing an additional 20 shares in the last quarter. First Affirmative Financial Network raised its stake in shares of Netflix by 3.1% in the fourth quarter. First Affirmative Financial Network now owns 1,337 shares of the Internet television network’s stock worth $1,192,000 after purchasing an additional 40 shares during the last quarter. Finally, Abel Hall LLC raised its stake in shares of Netflix by 4.3% in the fourth quarter. Abel Hall LLC now owns 608 shares of the Internet television network’s stock worth $542,000 after purchasing an additional 25 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Trading Up 0.4 %

NASDAQ NFLX opened at $976.76 on Friday. The stock has a 50-day moving average of $903.09 and a 200-day moving average of $775.54. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $999.00. The firm has a market cap of $417.82 billion, a PE ratio of 49.26, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.11 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and increased their target price for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Piper Sandler restated an “overweight” rating and set a $1,100.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their target price on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Finally, Evercore ISI lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $1,021.70.

View Our Latest Research Report on NFLX

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Theodore A. Sarandos sold 1,278 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares in the company, valued at approximately $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 105,516 shares of company stock valued at $92,377,637. 1.76% of the stock is currently owned by corporate insiders.

About Netflix

(Free Report)

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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