GAMMA Investing LLC Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

GAMMA Investing LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 17.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,475 shares of the Internet television network’s stock after acquiring an additional 1,415 shares during the quarter. Netflix accounts for about 0.7% of GAMMA Investing LLC’s investment portfolio, making the stock its 20th largest holding. GAMMA Investing LLC’s holdings in Netflix were worth $8,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Brown Shipley& Co Ltd purchased a new stake in Netflix during the 4th quarter valued at $27,000. Transce3nd LLC bought a new stake in shares of Netflix in the fourth quarter worth $32,000. Copia Wealth Management bought a new position in Netflix in the fourth quarter valued at about $37,000. Stuart Chaussee & Associates Inc. lifted its holdings in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after acquiring an additional 45 shares during the period. Finally, NewSquare Capital LLC boosted its position in Netflix by 120.0% in the fourth quarter. NewSquare Capital LLC now owns 55 shares of the Internet television network’s stock worth $49,000 after purchasing an additional 30 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

NASDAQ:NFLX opened at $1,323.12 on Friday. The business’s 50-day moving average is $1,183.25 and its 200 day moving average is $1,023.58. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,331.35. The company has a market capitalization of $563.08 billion, a P/E ratio of 62.53, a P/E/G ratio of 2.53 and a beta of 1.59. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLXGet Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The business 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 39.61% and a net margin of 23.07%. During the same quarter in the previous year, the company posted $8.28 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 620 shares of the company’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 32,515 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director now directly owns 79,040 shares of the company’s stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,280 shares of company stock valued at $210,599,866. 1.37% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NFLX. Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Citigroup restated a “neutral” rating and set a $1,250.00 target price (up from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Guggenheim reiterated a “buy” rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Evercore ISI reiterated an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. Finally, Macquarie upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,172.73.

View Our Latest Stock Analysis on NFLX

Netflix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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