2,824 Shares in Netflix, Inc. (NASDAQ:NFLX) Purchased by Axecap Investments LLC

Axecap Investments LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,824 shares of the Internet television network’s stock, valued at approximately $2,517,000. Netflix accounts for approximately 1.9% of Axecap Investments LLC’s investment portfolio, making the stock its 24th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Stonebridge Financial Group LLC purchased a new position in Netflix in the fourth quarter valued at about $709,000. Core Alternative Capital increased its holdings in Netflix by 30.0% in the fourth quarter. Core Alternative Capital now owns 65 shares of the Internet television network’s stock valued at $58,000 after buying an additional 15 shares in the last quarter. Essex Financial Services Inc. increased its holdings in Netflix by 0.9% in the fourth quarter. Essex Financial Services Inc. now owns 2,062 shares of the Internet television network’s stock valued at $1,838,000 after buying an additional 18 shares in the last quarter. Mill Creek Capital Advisors LLC purchased a new position in Netflix in the fourth quarter valued at about $276,000. Finally, Summit Trail Advisors LLC increased its holdings in Netflix by 30.1% in the fourth quarter. Summit Trail Advisors LLC now owns 6,703 shares of the Internet television network’s stock valued at $5,975,000 after buying an additional 1,552 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 4,434 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,015.00, for a total transaction of $4,500,510.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $13,144,250. This represents a 25.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 298,870 shares of company stock valued at $285,287,314. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a report on Thursday, January 23rd. JPMorgan Chase & Co. increased their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. TD Cowen increased their target price on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Wells Fargo & Company raised their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, The Goldman Sachs Group raised their price objective on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Ten investment 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Up 1.3 %

Shares of NFLX opened at $1,027.60 on Tuesday. The firm has a market cap of $439.57 billion, a PE ratio of 51.82, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. The company’s fifty day moving average is $917.36 and its two-hundred day moving average is $792.29. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,032.85. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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

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.