New Jersey Better Educational Savings Trust Acquires New Position in Netflix, Inc. (NASDAQ:NFLX)

New Jersey Better Educational Savings Trust acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 470 shares of the Internet television network’s stock, valued at approximately $229,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. Abbrea Capital LLC lifted its stake in Netflix by 5.9% in the fourth quarter. Abbrea Capital LLC now owns 1,495 shares of the Internet television network’s stock worth $728,000 after acquiring an additional 83 shares during the last quarter. Syon Capital LLC lifted its stake in Netflix by 44.2% in the fourth quarter. Syon Capital LLC now owns 5,860 shares of the Internet television network’s stock worth $2,853,000 after acquiring an additional 1,797 shares during the last quarter. Pittenger & Anderson Inc. lifted its stake in Netflix by 164.9% in the fourth quarter. Pittenger & Anderson Inc. now owns 1,526 shares of the Internet television network’s stock worth $743,000 after acquiring an additional 950 shares during the last quarter. Nadler Financial Group Inc. lifted its position in shares of Netflix by 3.3% during the 4th quarter. Nadler Financial Group Inc. now owns 1,110 shares of the Internet television network’s stock worth $540,000 after buying an additional 35 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Netflix by 1.8% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,688 shares of the Internet television network’s stock worth $18,836,000 after buying an additional 667 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. BMO Capital Markets restated an “outperform” rating and set a $713.00 price objective (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Guggenheim boosted their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. Macquarie boosted their price objective on shares of Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Needham & Company LLC upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 price objective for the company in a research report on Friday, April 19th. Finally, Pivotal Research boosted their price objective on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, April 19th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $630.58.

Netflix Trading Up 1.7 %

NASDAQ:NFLX traded up $9.68 on Thursday, reaching $564.80. The stock had a trading volume of 3,799,070 shares, compared to its average volume of 4,519,067. The company has a market cap of $243.37 billion, a price-to-earnings ratio of 39.13, a P/E/G ratio of 1.41 and a beta of 1.22. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. The firm’s fifty day moving average is $605.56 and its two-hundred day moving average is $517.91.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.88 EPS. Equities analysts expect that Netflix, Inc. will post 18.09 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 5,533 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $575.00, for a total transaction of $3,181,475.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,526,750. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Netflix news, CEO Gregory K. Peters sold 5,533 shares of the stock in a transaction that occurred on Friday, January 26th. The shares were sold at an average price of $575.00, for a total value of $3,181,475.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,526,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Insiders have sold a total of 160,106 shares of company stock worth $92,729,716 in the last three months. Company insiders own 2.45% 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.