CX Institutional Has $2.31 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

CX Institutional raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 22.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,596 shares of the Internet television network’s stock after purchasing an additional 484 shares during the quarter. CX Institutional’s holdings in Netflix were worth $2,314,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Berbice Capital Management LLC purchased a new position in shares of Netflix during the fourth quarter valued at $178,000. LexAurum Advisors LLC grew its stake in Netflix by 15.7% during the 4th quarter. LexAurum Advisors LLC now owns 442 shares of the Internet television network’s stock valued at $394,000 after acquiring an additional 60 shares in the last quarter. Rappaport Reiches Capital Management LLC grew its stake in Netflix by 1.3% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 3,234 shares of the Internet television network’s stock valued at $2,883,000 after acquiring an additional 41 shares in the last quarter. RFG Advisory LLC increased its holdings in shares of Netflix by 23.7% in the 4th quarter. RFG Advisory LLC now owns 3,390 shares of the Internet television network’s stock valued at $3,021,000 after purchasing an additional 649 shares during the period. Finally, Private Capital Advisors Inc. lifted its position in shares of Netflix by 2.0% in the fourth quarter. Private Capital Advisors Inc. now owns 27,950 shares of the Internet television network’s stock worth $24,912,000 after purchasing an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Loop Capital upped their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Jefferies Financial Group increased their price objective on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. UBS Group boosted their target price on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Citigroup raised their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,009.29.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,117 shares of company stock valued at $123,913,691. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock opened at $977.59 on Friday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The company has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27. The stock has a 50 day moving average of $892.06 and a two-hundred day moving average of $764.95. The company has a current ratio of 1.22, a quick ratio of 1.13 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 the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the company earned $2.11 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts expect that Netflix, Inc. will post 23.72 EPS 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.