Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Syon Capital LLC

Syon Capital LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 44.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,860 shares of the Internet television network’s stock after purchasing an additional 1,797 shares during the period. Syon Capital LLC’s holdings in Netflix were worth $2,853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Pittenger & Anderson Inc. grew its position in shares of Netflix by 164.9% in the 4th quarter. Pittenger & Anderson Inc. now owns 1,526 shares of the Internet television network’s stock worth $743,000 after acquiring an additional 950 shares in the last quarter. Nadler Financial Group Inc. boosted its holdings in Netflix by 3.3% in the fourth quarter. Nadler Financial Group Inc. now owns 1,110 shares of the Internet television network’s stock worth $540,000 after purchasing an additional 35 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in Netflix by 1.8% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 38,688 shares of the Internet television network’s stock valued at $18,836,000 after purchasing an additional 667 shares during the last quarter. Magnolia Capital Advisors LLC acquired a new stake in shares of Netflix during the fourth quarter worth $307,000. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Netflix by 5.9% in the 4th quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock worth $191,000 after buying an additional 22 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In related news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction dated 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 directly owns 13,090 shares in the company, valued at $7,413,521.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,413,521.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,573 shares of company stock worth $89,548,241. Insiders own 2.45% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX traded down $3.57 during mid-day trading on Friday, reaching $561.23. 4,305,147 shares of the company were exchanged, compared to its average volume of 4,516,546. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market cap of $241.83 billion, a PE ratio of 38.86, a PEG ratio of 1.36 and a beta of 1.22. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The company has a fifty day moving average of $604.99 and a 200 day moving average of $518.24.

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NFLX. Needham & Company LLC upgraded Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price for the company in a research note on Friday, April 19th. Piper Sandler boosted their price objective on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. The Goldman Sachs Group increased their target price on Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Citigroup raised their target price on Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a research note on Monday, March 25th. Finally, Wells Fargo & Company boosted their price target on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $630.58.

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.