Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Y.D. More Investments Ltd

Y.D. More Investments Ltd grew its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 155.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,638 shares of the Internet television network’s stock after purchasing an additional 998 shares during the period. Y.D. More Investments Ltd’s holdings in Netflix were worth $798,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of NFLX. Authentikos Wealth Advisory LLC purchased a new position in Netflix in the third quarter valued at approximately $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix in the third quarter valued at approximately $26,000. Blue Bell Private Wealth Management LLC raised its holdings in Netflix by 89.7% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after buying an additional 35 shares during the period. Carmel Capital Partners LLC raised its holdings in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after buying an additional 58 shares during the period. Finally, Pacifica Partners Inc. acquired a new stake in Netflix in the fourth quarter valued at approximately $41,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NFLX. Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and lowered their price objective for the company from $720.00 to $585.00 in a research report on Friday, April 19th. Jefferies Financial Group increased their price objective on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $713.00 price objective (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Macquarie raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Price Performance

Netflix stock traded up $1.07 during midday trading on Wednesday, hitting $551.71. The company’s stock had a trading volume of 3,345,742 shares, compared to its average volume of 4,465,293. The company has a market capitalization of $237.73 billion, a PE ratio of 38.29, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The stock’s 50-day moving average price is $603.56 and its 200-day moving average price is $524.34.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.88 EPS. Analysts anticipate that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 154,573 shares of company stock worth $89,548,241. 1.76% of the stock is currently owned by insiders.

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.