Polar Asset Management Partners Inc. Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Polar Asset Management Partners Inc. boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 270.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,300 shares of the Internet television network’s stock after purchasing an additional 19,200 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Netflix were worth $23,442,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Polar Capital Holdings Plc lifted its holdings in Netflix by 1.2% in the 4th quarter. Polar Capital Holdings Plc now owns 196,703 shares of the Internet television network’s stock valued at $175,325,000 after acquiring an additional 2,330 shares during the last quarter. ProShare Advisors LLC grew its position in Netflix by 19.5% during the fourth quarter. ProShare Advisors LLC now owns 549,231 shares of the Internet television network’s stock valued at $489,541,000 after purchasing an additional 89,777 shares in the last quarter. Quantinno Capital Management LP increased its stake in shares of Netflix by 12.1% in the fourth quarter. Quantinno Capital Management LP now owns 68,455 shares of the Internet television network’s stock worth $61,015,000 after acquiring an additional 7,407 shares during the last quarter. Panoramic Capital LLC acquired a new position in Netflix in the 4th quarter worth about $7,872,000. Finally, Mufg Securities Americas Inc. acquired a new stake in Netflix in the fourth quarter valued at approximately $5,625,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, Director Ann Mather sold 1,358 shares of the stock in a transaction on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,624,746.55. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock valued at $138,483,256 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Macquarie raised their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st. Guggenheim restated a “buy” rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, JPMorgan Chase & Co. lifted their price target on Netflix from $1,025.00 to $1,150.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,084.91.

Netflix Price Performance

NASDAQ NFLX opened at $1,150.99 on Thursday. 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 market cap of $489.83 billion, a price-to-earnings ratio of 58.04, a PEG ratio of 2.12 and a beta of 1.58. The business has a 50 day simple moving average of $997.19 and a 200 day simple moving average of $939.66. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,164.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the company earned $8.28 earnings per share. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.