Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 270.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,300 shares of the Internet television network’s stock after acquiring an additional 19,200 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Netflix were worth $23,442,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. West Michigan Advisors LLC raised its position in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after acquiring an additional 10 shares during the last quarter. Warwick Investment Management Inc. grew its stake in shares of Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after purchasing an additional 10 shares during the period. MRP Capital Investments LLC grew its stake in shares of Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after purchasing an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC increased its holdings in Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after purchasing an additional 10 shares during the last quarter. Finally, Mission Creek Capital Partners Inc. lifted its stake in Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock valued at $3,410,000 after buying an additional 10 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $1,185.39 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $1,036.22 and its 200 day simple moving average is $961.79. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,211.22. The company has a market cap of $504.47 billion, a price-to-earnings ratio of 59.78, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the business earned $8.28 EPS. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In other Netflix news, insider Cletus R. Willems sold 298 shares of the stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the transaction, the insider now owns 31,610 shares in the company, valued at $35,972,180. This trade represents a 0.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction on Wednesday, February 26th. The stock was 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. Insiders have sold 132,868 shares of company stock valued at $138,483,256 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on NFLX. JPMorgan Chase & Co. restated a “neutral” rating and set a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Rosenblatt Securities lifted their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. KeyCorp upped their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Benchmark reiterated a “hold” rating on shares of Netflix in a report on Monday, April 21st. Finally, Cfra Research raised shares of Netflix to a “strong-buy” rating in a report on Monday, April 28th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $1,102.79.

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.