May Hill Capital LLC Acquires Shares of 1,362 Netflix, Inc. (NASDAQ:NFLX)

May Hill Capital LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 1,362 shares of the Internet television network’s stock, valued at approximately $1,214,000.

Several other hedge funds and other institutional investors have also modified their holdings of NFLX. Principal Financial Group Inc. increased its position in shares of Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. Tradition Wealth Management LLC raised its stake in shares of Netflix by 11.1% in the third quarter. Tradition Wealth Management LLC now owns 859 shares of the Internet television network’s stock valued at $609,000 after acquiring an additional 86 shares during the last quarter. Cobblestone Capital Advisors LLC NY boosted its holdings in shares of Netflix by 5.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 681 shares of the Internet television network’s stock worth $483,000 after acquiring an additional 36 shares in the last quarter. FSA Wealth Management LLC bought a new stake in Netflix during the 3rd quarter worth approximately $38,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in Netflix during the 3rd quarter valued at $1,308,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction dated 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on NFLX. Loop Capital restated a “hold” rating on shares of Netflix in a report on Monday, March 24th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Oppenheimer increased their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Macquarie upped their price objective on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.02.

Netflix Trading Down 0.1 %

NASDAQ NFLX opened at $932.53 on Tuesday. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. 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 stock’s 50 day moving average price is $973.23 and its two-hundred day moving average price is $871.15. The stock has a market capitalization of $398.90 billion, a price-to-earnings ratio of 47.03, a PEG ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. 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 previous year, the firm posted $2.11 earnings per share. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.