Breed s Hill Capital LLC Invests $507,000 in Netflix, Inc. (NASDAQ:NFLX)

Breed s Hill Capital LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 569 shares of the Internet television network’s stock, valued at approximately $507,000.

Several other institutional investors have also recently made changes to their positions in NFLX. Norges Bank bought a new position in Netflix during the 4th quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC increased its position in Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after buying an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock valued at $2,051,016,000 after buying an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock valued at $870,752,000 after buying an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp increased its position in Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock valued at $4,076,903,000 after buying an additional 570,674 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $1,187.97 on Friday. The company has a market capitalization of $505.57 billion, a PE ratio of 59.91, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. 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 business’s fifty day moving average is $1,031.11 and its 200 day moving average is $957.63. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,211.22.

Netflix (NASDAQ:NFLX) last released its 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. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the business earned $8.28 earnings per share. Sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Pivotal Research raised their price objective on Netflix from $1,250.00 to $1,350.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Wells Fargo & Company raised their price objective on Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an “overweight” rating in a research report on Monday, April 21st. Evercore ISI reaffirmed an “outperform” rating on shares of Netflix in a research report on Thursday, May 15th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $1,126.00 target price on shares of Netflix in a report on Thursday, April 17th. Eleven 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 MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,102.79.

Insider Buying and Selling at Netflix

In other Netflix news, Director Ann Mather sold 1,358 shares of the firm’s stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $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 a total of 132,868 shares of company stock valued at $138,483,256 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

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.