Oribel Capital Management LP Invests $99.20 Million in Netflix, Inc. (NASDAQ:NFLX)

Oribel Capital Management LP acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 111,300 shares of the Internet television network’s stock, valued at approximately $99,204,000. Netflix accounts for about 3.4% of Oribel Capital Management LP’s holdings, making the stock its 2nd largest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pathway Financial Advisers LLC increased its position in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Newton One Investments LLC purchased a new position in shares of Netflix during the 4th quarter worth approximately $34,000. Pineridge Advisors LLC increased its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares during the last quarter. Princeton Global Asset Management LLC raised its position in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after purchasing an additional 16 shares during the period. Finally, Decker Retirement Planning Inc. acquired a new position in Netflix during the fourth quarter worth $43,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other 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 transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 280,676 shares of company stock valued at $273,515,672. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of Netflix stock opened at $855.86 on Friday. The firm’s fifty day simple moving average is $970.24 and its 200-day simple moving average is $875.80. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The stock has a market capitalization of $366.10 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business posted $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and issued a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Moffett Nathanson raised shares of Netflix from a “neutral” rating to a “buy” rating and increased their price target for the stock from $850.00 to $1,100.00 in a research report on Monday, March 17th. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,023.74.

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.