Quinn Opportunity Partners LLC Purchases New Shares in Netflix, Inc. (NASDAQ:NFLX)

Quinn Opportunity Partners LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 6,000 shares of the Internet television network’s stock, valued at approximately $5,348,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Pathway Financial Advisers LLC raised its holdings 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 period. Newton One Investments LLC purchased a new position in Netflix during the 4th quarter worth approximately $34,000. Pineridge Advisors LLC raised its stake in Netflix by 4,000.0% during 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 period. Princeton Global Asset Management LLC lifted its holdings in shares of 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 in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Netflix in the fourth quarter worth $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares of the company’s stock, valued at $362,933.10. This trade represents a 98.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. In the last ninety days, insiders sold 274,312 shares of company stock valued at $267,919,297. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. KeyCorp reduced their price objective on Netflix from $1,100.00 to $1,000.00 and set an “overweight” rating for the company in a research note on Wednesday. BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Robert W. Baird raised their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price objective on shares of Netflix from $1,150.00 to $1,025.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Evercore ISI lifted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,017.31.

Netflix Stock Down 2.6 %

Shares of NFLX stock opened at $921.17 on Friday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a fifty day moving average price of $961.62 and a 200 day moving average price of $882.89. The stock has a market cap of $394.04 billion, a P/E ratio of 46.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last issued its earnings results 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 net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.11 EPS. Analysts predict that Netflix, Inc. will post 24.58 earnings per share 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.