Highview Capital Management LLC DE Purchases 65 Shares of Netflix, Inc. (NASDAQ:NFLX)

Highview Capital Management LLC DE grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,020 shares of the Internet television network’s stock after buying an additional 65 shares during the quarter. Highview Capital Management LLC DE’s holdings in Netflix were worth $1,800,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Janus Henderson Group PLC lifted its holdings in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after buying an additional 110,432 shares in the last quarter. PharVision Advisers LLC purchased a new position in shares of Netflix during the fourth quarter worth approximately $873,000. First National Trust Co raised its stake in shares of Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after acquiring an additional 12 shares in the last quarter. Haven Private LLC bought a new stake in shares of Netflix during the fourth quarter valued at approximately $733,000. Finally, Sigma Planning Corp boosted its holdings in shares of Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after purchasing an additional 386 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NFLX has been the topic of several research reports. Rosenblatt Securities raised their price objective on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a report on Monday, April 21st. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Wolfe Research set a $1,340.00 price objective on shares of Netflix and gave the stock an “outperform” rating in a research note on Friday, May 16th. Guggenheim reiterated a “buy” rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, The Goldman Sachs Group raised their target price on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,102.79.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the firm’s stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director now directly owns 79,040 shares of the company’s stock, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,868 shares of company stock valued at $138,483,256. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.2%

NASDAQ:NFLX opened at $1,194.63 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,211.22. The company has a market cap of $508.40 billion, a PE ratio of 60.24, a P/E/G ratio of 2.12 and a beta of 1.58. The company’s 50 day moving average is $1,026.35 and its two-hundred day moving average is $954.65.

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

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.