Next Capital Management LLC Has $1.31 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Next Capital Management LLC lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,473 shares of the Internet television network’s stock after acquiring an additional 233 shares during the quarter. Next Capital Management LLC’s holdings in Netflix were worth $1,313,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. First Financial Bankshares Inc raised its holdings in Netflix by 3.0% during the 4th quarter. First Financial Bankshares Inc now owns 552 shares of the Internet television network’s stock worth $492,000 after purchasing an additional 16 shares during the last quarter. Generali Investments Management Co LLC bought a new stake in shares of Netflix during the fourth quarter worth approximately $12,007,000. GCQ FUNDS MANAGEMENT PTY Ltd bought a new position in Netflix in the fourth quarter valued at approximately $16,101,000. Harvest Fund Management Co. Ltd grew its holdings in Netflix by 35.4% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 42,006 shares of the Internet television network’s stock worth $37,399,000 after acquiring an additional 10,984 shares during the period. Finally, Vinva Investment Management Ltd raised its position in shares of Netflix by 2.8% during the 4th quarter. Vinva Investment Management Ltd now owns 21,444 shares of the Internet television network’s stock valued at $19,309,000 after acquiring an additional 589 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 2.1 %

Shares of NFLX stock opened at $929.98 on Wednesday. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The stock has a market cap of $397.81 billion, a price-to-earnings ratio of 46.90, a PEG ratio of 2.12 and a beta of 1.38. The firm’s 50-day moving average is $953.42 and its 200-day moving average is $853.33. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued 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. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.11 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction 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 trade represents a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the sale, the chairman now owns 114 shares in the company, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on NFLX shares. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. KeyCorp boosted their target price on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Evercore ISI increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Morgan Stanley boosted their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and increased their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,016.78.

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.