Kera Capital Partners Inc. Buys New Position in Netflix, Inc. (NASDAQ:NFLX)

Kera Capital Partners Inc. bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 415 shares of the Internet television network’s stock, valued at approximately $370,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its stake in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after acquiring an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the period. State Street Corp increased its stake in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after purchasing an additional 426,740 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP bought a new position in shares of Netflix during the 3rd quarter worth about $222,871,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 1.9 %

Shares of NFLX stock opened at $858.10 on Friday. Netflix, Inc. has a 1 year low of $476.06 and a 1 year high of $941.75. The company’s fifty day simple moving average is $884.58 and its two-hundred day simple moving average is $758.48. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a PEG ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on NFLX shares. Guggenheim boosted their target price on Netflix from $825.00 to $950.00 and gave the company a “buy” rating in a research report on Monday, January 13th. Citigroup boosted their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Evercore ISI increased their target price on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Loop Capital decreased their price target on shares of Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Benchmark raised their price objective on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $845.06.

Insider Activity

In related news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock worth $127,616,898 over the last ninety days. Company insiders own 1.76% of the company’s stock.

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.