Sachetta LLC Takes $46,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Sachetta LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, HoldingsChannel reports. The fund purchased 95 shares of the Internet television network’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Authentikos Wealth Advisory LLC bought a new position in shares of Netflix in the 3rd quarter worth $25,000. Spartan Planning & Wealth Management bought a new position in shares of Netflix in the 3rd quarter worth $26,000. Blue Bell Private Wealth Management LLC boosted its stake in shares of Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares in the last quarter. Pacifica Partners Inc. purchased a new stake in shares of Netflix in the 4th quarter valued at $41,000. Finally, Bear Mountain Capital Inc. purchased a new stake in shares of Netflix in the 4th quarter valued at $45,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 5,821 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $3,492,600.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,854,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Gregory K. Peters sold 5,821 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $3,492,600.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,854,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,039 shares of company stock worth $46,401,083. 1.76% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $647.22 on Wednesday. The company has a 50 day moving average price of $605.71 and a 200-day moving average price of $546.17. Netflix, Inc. has a 52 week low of $344.73 and a 52 week high of $650.88. The firm has a market capitalization of $278.95 billion, a PE ratio of 45.15, a P/E/G ratio of 1.55 and a beta of 1.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $9.28 billion. During the same period in the previous year, the business posted $2.88 earnings per share. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that Netflix, Inc. will post 18.31 earnings per share for the current year.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research reports. Macquarie upped their price objective on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a research report on Thursday, January 25th. Barclays increased their price target on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. KeyCorp increased their price target on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Finally, Needham & Company LLC restated a “buy” rating and issued a $700.00 price objective on shares of Netflix in a report on Friday, May 17th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $630.53.

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.