Moment Partners LLC Takes $642,000 Position in Netflix, Inc. (NASDAQ:NFLX)

Moment Partners LLC purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, Holdings Channel.com reports. The fund purchased 720 shares of the Internet television network’s stock, valued at approximately $642,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the 3rd quarter valued at $25,000. Pathway Financial Advisers LLC increased its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Newton One Investments LLC purchased a new position in Netflix in the fourth quarter valued at about $34,000. Pineridge Advisors LLC lifted its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Finally, FSA Wealth Management LLC purchased a new position in Netflix in the 3rd quarter worth approximately $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Insiders sold 288,583 shares of company stock worth $279,611,567 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Citigroup increased their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. The Goldman Sachs Group lifted their price objective on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Loop Capital upped their target price on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Finally, Oppenheimer raised their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,016.78.

Netflix Trading Down 2.7 %

Netflix stock opened at $970.65 on Thursday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company’s fifty day moving average price is $967.54 and its two-hundred day moving average price is $864.18. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $415.20 billion, a price-to-earnings ratio of 48.95, a PEG ratio of 2.12 and a beta of 1.38.

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

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.