DSM Capital Partners LLC Has $209,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

DSM Capital Partners LLC boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 7.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 235 shares of the Internet television network’s stock after purchasing an additional 17 shares during the quarter. DSM Capital Partners LLC’s holdings in Netflix were worth $209,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the third quarter worth approximately $25,000. Pathway Financial Advisers LLC raised its position in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. Newton One Investments LLC purchased a new position in Netflix during the 4th quarter worth $34,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the 3rd quarter worth $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This represents a 88.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on NFLX shares. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Piper Sandler reissued an “overweight” rating and issued a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Arete Research upgraded Netflix to a “hold” rating in a research note on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,035.85 on Wednesday. The stock’s 50-day simple moving average is $934.75 and its two-hundred day simple moving average is $812.56. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The firm has a market capitalization of $443.10 billion, a P/E ratio of 52.24, a P/E/G ratio of 2.19 and a beta of 1.27. 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 posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the business earned $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

About Netflix

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.