Vantage Point Financial LLC Invests $319,000 in Netflix, Inc. (NASDAQ:NFLX)

Vantage Point Financial LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 358 shares of the Internet television network’s stock, valued at approximately $319,000.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC grew its position in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in shares of Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares during the period. State Street Corp grew its holdings in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares in the last quarter. Jennison Associates LLC increased its position in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP bought a new stake in Netflix during the 3rd quarter valued at $222,871,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 433 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 246,710 shares of company stock valued at $233,561,836. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 0.2 %

Netflix stock opened at $978.94 on Tuesday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $418.75 billion, a P/E ratio of 49.37, a P/E/G ratio of 2.02 and a beta of 1.27. The company’s fifty day simple moving average is $904.67 and its 200-day simple moving average is $779.53.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the firm earned $2.11 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of a number of research analyst reports. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and raised their price target for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Oppenheimer boosted 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. Guggenheim increased their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,021.70.

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.