Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Beck Bode LLC

Beck Bode LLC grew its position in Netflix, Inc. (NASDAQ:NFLX) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,700 shares of the Internet television network’s stock after purchasing an additional 63 shares during the period. Netflix makes up 3.0% of Beck Bode LLC’s holdings, making the stock its 5th largest position. Beck Bode LLC’s holdings in Netflix were worth $16,668,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of NFLX. Vanguard Group Inc. boosted its stake in shares of Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock worth $33,413,809,000 after buying an additional 171,712 shares during the last quarter. FMR LLC lifted its holdings in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after acquiring an additional 375,234 shares during the period. Geode Capital Management LLC boosted its position in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after purchasing an additional 175,596 shares in the last quarter. Norges Bank acquired a new stake in shares of Netflix during the 4th quarter worth approximately $5,019,087,000. Finally, Alliancebernstein L.P. grew its stake in shares of Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock worth $4,582,568,000 after purchasing an additional 82,564 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Trading Up 2.0 %

Shares of Netflix stock opened at $1,156.49 on Friday. The stock has a 50 day moving average of $968.34 and a 200 day moving average of $919.35. 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 firm has a market capitalization of $492.17 billion, a price-to-earnings ratio of 58.32, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a fifty-two week low of $580.25 and a fifty-two week high of $1,159.44.

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

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Needham & Company LLC restated a “buy” rating and set a $1,126.00 price target on shares of Netflix in a research report on Thursday, April 17th. Pivotal Research raised their target price on Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, April 21st. JPMorgan Chase & Co. upped their price target on Netflix from $1,025.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Bank of America increased their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Wedbush boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday, April 21st. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,084.91.

Insider Buying and Selling at Netflix

In related news, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the completion of the transaction, the director now owns 394 shares in the company, valued at approximately $446,421.70. The trade was a 98.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 182,759 shares of company stock valued at $186,744,388 in the last three months. 1.76% of the stock is owned by corporate insiders.

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.