Jag Capital Management LLC Has $22.97 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Jag Capital Management LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 24.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,766 shares of the Internet television network’s stock after selling 8,345 shares during the period. Netflix comprises approximately 3.2% of Jag Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Jag Capital Management LLC’s holdings in Netflix were worth $22,966,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Ring Mountain Capital LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $1,718,000. Exencial Wealth Advisors LLC lifted its holdings in shares of Netflix by 3.0% during the fourth quarter. Exencial Wealth Advisors LLC now owns 1,496 shares of the Internet television network’s stock valued at $1,334,000 after purchasing an additional 43 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Netflix by 2.1% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 7,513 shares of the Internet television network’s stock valued at $6,696,000 after purchasing an additional 152 shares during the last quarter. Synergy Investment Management LLC bought a new stake in shares of Netflix during the fourth quarter valued at approximately $65,000. Finally, Patten Group Inc. increased its position in shares of Netflix by 5.1% during the fourth quarter. Patten Group Inc. now owns 901 shares of the Internet television network’s stock valued at $803,000 after acquiring an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Arete Research raised shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Citigroup boosted their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Wedbush restated an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,017 shares of company stock worth $246,653,898 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $973.70 on Tuesday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The firm has a fifty day simple moving average of $948.96 and a 200 day simple moving average of $835.48. The stock has a market capitalization of $416.51 billion, a price-to-earnings ratio of 49.10, a PEG ratio of 2.12 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

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