Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Malaga Cove Capital LLC

Malaga Cove Capital LLC boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 25.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,562 shares of the Internet television network’s stock after purchasing an additional 316 shares during the quarter. Malaga Cove Capital LLC’s holdings in Netflix were worth $761,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Columbia Trust Co 01012016 raised its position in shares of Netflix by 15.3% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after purchasing an additional 208 shares during the last quarter. Crumly & Associates Inc. boosted its stake in shares of Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after acquiring an additional 83 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in shares of Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after buying an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of 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 buying an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC lifted its stake in shares of Netflix by 10.6% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the completion of the sale, the chairman now owns 28 shares of the company’s stock, valued at $15,443.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders sold a total of 152,833 shares of company stock valued at $88,270,051 in the last three months. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on NFLX. Seaport Res Ptn lowered Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Pivotal Research lifted their price objective on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Rosenblatt Securities decreased their price objective on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. Finally, Macquarie raised their price objective on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $631.15.

Netflix Stock Up 2.5 %

Shares of NFLX traded up $14.19 on Friday, reaching $579.34. The company’s stock had a trading volume of 3,307,524 shares, compared to its average volume of 4,520,712. Netflix, Inc. has a twelve month low of $317.95 and a twelve month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $249.67 billion, a PE ratio of 40.20, a PEG ratio of 1.40 and a beta of 1.23. The firm has a fifty day moving average of $602.57 and a 200-day moving average of $526.33.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.88 EPS. Equities analysts predict that Netflix, Inc. will post 18.3 EPS for the current year.

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.