Certuity LLC Grows Stake in Netflix, Inc. (NASDAQ:NFLX)

Certuity LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 22.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,685 shares of the Internet television network’s stock after buying an additional 487 shares during the period. Certuity LLC’s holdings in Netflix were worth $1,307,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC increased its position in Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after buying an additional 2,061,859 shares in the last quarter. Jennison Associates LLC boosted its holdings in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after acquiring an additional 1,573,978 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after acquiring an additional 392,427 shares during the last quarter. Alecta Tjanstepension Omsesidigt boosted its holdings in Netflix by 171.4% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock valued at $231,258,000 after acquiring an additional 300,000 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new position in Netflix in the third quarter valued at $99,219,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NFLX. Barclays lifted their target price on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Macquarie lifted their target price on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Benchmark reiterated a “sell” rating and issued a $440.00 target price on shares of Netflix in a report on Thursday, April 18th. Canaccord Genuity Group restated a “hold” rating and set a $585.00 price objective (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. Finally, Loop Capital boosted their price objective on Netflix from $585.00 to $700.00 and gave the stock a “buy” rating in a research note on Monday, March 18th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $630.58.

Netflix Stock Down 1.0 %

Shares of NASDAQ:NFLX traded down $5.76 during midday trading on Tuesday, hitting $553.73. 1,667,400 shares of the stock were exchanged, compared to its average volume of 4,457,745. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00. The business’s fifty day simple moving average is $604.05 and its two-hundred day simple moving average is $522.96. The company has a market capitalization of $238.60 billion, a PE ratio of 38.43, a P/E/G ratio of 1.37 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same period last year, the company earned $2.88 earnings per share. The business’s revenue was up 14.8% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,181,250. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,413,521.50. The disclosure for this sale can be found here. Insiders have sold a total of 154,573 shares of company stock worth $89,548,241 over the last three months. Corporate insiders own 1.76% of the company’s stock.

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.