Ewa LLC Makes New $203,000 Investment in Netflix, Inc. (NASDAQ:NFLX)

Ewa LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 416 shares of the Internet television network’s stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Columbia Trust Co 01012016 boosted its holdings in shares of Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after buying an additional 208 shares during the period. Crumly & Associates Inc. boosted its holdings in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after buying an additional 83 shares during the period. Venture Visionary Partners LLC lifted its position in Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after purchasing an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC lifted its position in Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after purchasing an additional 114 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.9 %

NFLX traded down $5.23 on Monday, reaching $556.00. 1,685,696 shares of the company traded hands, compared to its average volume of 4,481,006. The stock’s 50 day moving average price is $604.54 and its 200-day moving average price is $521.57. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00. The company has a market cap of $239.58 billion, a price-to-earnings ratio of 38.58, a PEG ratio of 1.37 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the previous year, the firm posted $2.88 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts expect that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Insider Activity at Netflix

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NFLX shares. Canaccord Genuity Group reiterated a “hold” rating and issued a $585.00 price objective (down from $720.00) on shares of Netflix in a research report on Friday, April 19th. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Bank of America lifted their price objective on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, April 19th. Piper Sandler lifted their price objective on shares of Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Finally, Wells Fargo & Company boosted their price target on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average target price of $630.58.

About Netflix

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.