Metis Global Partners LLC Raises Stake in Netflix, Inc. (NASDAQ:NFLX)

Metis Global Partners LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 14.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 24,105 shares of the Internet television network’s stock after buying an additional 3,049 shares during the period. Metis Global Partners LLC’s holdings in Netflix were worth $11,736,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in NFLX. Authentikos Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix in the third quarter valued at $26,000. Carmel Capital Partners LLC grew its stake in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the period. Finally, Pacifica Partners Inc. acquired a new stake in shares of Netflix in the fourth quarter valued at about $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NFLX. Loop Capital upped their target price on shares of Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research report on Monday, March 18th. Guggenheim raised their price objective on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, April 16th. Piper Sandler boosted their target price on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Seaport Res Ptn lowered Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. Finally, Sanford C. Bernstein lifted their price target on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $631.15.

Insiders Place Their Bets

In other news, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $15,443.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. Insiders sold 152,833 shares of company stock worth $88,270,051 over the last three months. 1.76% of the stock is owned by insiders.

Netflix Trading Up 2.5 %

NFLX stock traded up $14.19 on Friday, hitting $579.34. 3,307,524 shares of the company were exchanged, compared to its average volume of 4,520,712. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $249.67 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a twelve month low of $317.95 and a twelve month high of $639.00. The business’s fifty day moving average is $602.57 and its two-hundred day moving average is $528.80.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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 company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.88 EPS. As a group, research analysts forecast that Netflix, Inc. will post 18.3 earnings per share for the current year.

Netflix 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.