Dash Acquisitions Inc. Has $305,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Dash Acquisitions Inc. lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 9.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 314 shares of the Internet television network’s stock after purchasing an additional 28 shares during the quarter. Dash Acquisitions Inc.’s holdings in Netflix were worth $305,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Aspect Partners LLC increased its position in Netflix by 49.4% in the fourth quarter. Aspect Partners LLC now owns 115 shares of the Internet television network’s stock worth $103,000 after purchasing an additional 38 shares during the period. First Bank & Trust bought a new position in shares of Netflix in the 4th quarter valued at about $1,316,000. Concurrent Investment Advisors LLC boosted its stake in shares of Netflix by 34.4% in the 4th quarter. Concurrent Investment Advisors LLC now owns 11,959 shares of the Internet television network’s stock valued at $10,659,000 after purchasing an additional 3,061 shares during the last quarter. Advyzon Investment Management LLC bought a new stake in shares of Netflix during the fourth quarter worth approximately $507,000. Finally, Handelsbanken Fonder AB raised its stake in shares of Netflix by 3.7% during the fourth quarter. Handelsbanken Fonder AB now owns 197,945 shares of the Internet television network’s stock worth $176,432,000 after buying an additional 7,092 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $1,043.33 on Thursday. The company has a market cap of $446.29 billion, a PE ratio of 52.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.27. The firm has a 50-day moving average of $936.88 and a 200-day moving average of $814.17. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.11 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have commented on NFLX shares. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Loop Capital lifted their price objective on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research report on Thursday, January 23rd. Finally, JPMorgan Chase & Co. upped their price target on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

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.