Matisse Capital Invests $250,000 in Netflix, Inc. (NASDAQ:NFLX)

Matisse Capital purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 280 shares of the Internet television network’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the third quarter worth about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix during the third quarter worth about $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix during the third quarter worth about $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. Piper Sandler reissued an “overweight” rating and set a $1,100.00 price objective (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Guggenheim upped their price target on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Macquarie boosted their price objective on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, Needham & Company LLC boosted their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Up 0.2 %

Shares of NASDAQ:NFLX opened at $978.94 on Tuesday. The stock’s 50-day moving average price is $904.67 and its two-hundred day moving average price is $779.53. 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, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00. The firm has a market cap of $418.75 billion, a price-to-earnings ratio of 49.37, a PEG ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released 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 business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.11 EPS. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $12,700,583. This represents a 88.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $772.10, for a total value of $334,319.30. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 246,710 shares of company stock valued at $233,561,836. Corporate 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.