Cache Advisors LLC Makes New $1.92 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

Cache Advisors LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,154 shares of the Internet television network’s stock, valued at approximately $1,920,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. GF Fund Management CO. LTD. bought a new stake in Netflix during the 4th quarter valued at $72,209,000. Parr Mcknight Wealth Management Group LLC purchased a new position in shares of Netflix in the fourth quarter valued at about $2,460,000. Wick Capital Partners LLC raised its stake in shares of Netflix by 17.8% during the fourth quarter. Wick Capital Partners LLC now owns 364 shares of the Internet television network’s stock valued at $324,000 after acquiring an additional 55 shares during the last quarter. Vega Investment Solutions bought a new position in shares of Netflix during the fourth quarter valued at about $217,000. Finally, Helium Advisors LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $248,000. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.2%

Shares of NASDAQ NFLX opened at $1,185.39 on Friday. The firm’s 50 day moving average price is $1,036.22 and its 200-day moving average price is $960.54. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,211.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $504.47 billion, a PE ratio of 59.78, a P/E/G 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 (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the prior year, the firm posted $8.28 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,624,746.55. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NFLX. JPMorgan Chase & Co. restated a “neutral” rating and set a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a report on Monday, May 19th. UBS Group decreased their target price on Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Moffett Nathanson reaffirmed a “buy” rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Rosenblatt Securities lifted their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a report on Monday, April 21st. Finally, Pivotal Research upped their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the stock a “buy” rating in a report on Monday, April 21st. 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’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.