Boothbay Fund Management LLC Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

Boothbay Fund Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX) by 61.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,163 shares of the Internet television network’s stock after purchasing an additional 12,265 shares during the quarter. Netflix accounts for approximately 0.7% of Boothbay Fund Management LLC’s holdings, making the stock its 13th biggest holding. Boothbay Fund Management LLC’s holdings in Netflix were worth $28,668,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the last quarter. Transce3nd LLC purchased a new stake in Netflix in the fourth quarter worth $32,000. Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter worth $34,000. Pineridge Advisors LLC lifted its position in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its stake in shares of Netflix by 51.6% during 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 during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $1,101.53 on Friday. 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 stock has a 50-day moving average of $955.92 and a two-hundred day moving average of $903.65. The stock has a market cap of $471.19 billion, a P/E ratio of 55.55, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a one year low of $544.25 and a one year high of $1,106.80.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,855 shares of company stock valued at $267,474,816 in the last ninety days. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on NFLX shares. Wedbush boosted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Moffett Nathanson reissued a “buy” rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Bank of America lifted their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,072.12.

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.