GAMMA Investing LLC Acquires Shares of 2,753 Netflix, Inc. (NASDAQ:NFLX)

GAMMA Investing LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,753 shares of the Internet television network’s stock, valued at approximately $1,340,000.

A number of other large investors also recently modified their holdings of NFLX. Columbia Trust Co 01012016 grew its position in shares of Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after buying an additional 208 shares during the last quarter. Crumly & Associates Inc. grew its position in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after buying an additional 83 shares during the last quarter. Venture Visionary Partners LLC grew its position in shares of Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after buying an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC grew its position in shares of Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after buying an additional 114 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Insiders sold a total of 268,335 shares of company stock worth $151,619,811 over the last ninety days. 2.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent analyst reports. Canaccord Genuity Group downgraded shares of Netflix from a “buy” rating to a “hold” rating and dropped their target price for the company from $720.00 to $585.00 in a research report on Friday. Evercore ISI raised their price objective on shares of Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a research report on Friday. KeyCorp raised their price objective on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Bank of America raised their price objective on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Robert W. Baird raised their price objective on shares of Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $630.58.

Netflix Price Performance

NASDAQ:NFLX traded up $23.15 during mid-day trading on Tuesday, hitting $577.75. 4,942,177 shares of the company’s stock traded hands, compared to its average volume of 4,517,395. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07. The firm’s 50 day simple moving average is $605.58 and its 200 day simple moving average is $516.27. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The company has a market cap of $248.95 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the firm posted $2.88 EPS. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. Sell-side analysts expect that Netflix, Inc. will post 17.13 EPS for the current 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.