Sovran Advisors LLC Makes New $1.24 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

Sovran Advisors LLC purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,492 shares of the Internet television network’s stock, valued at approximately $1,236,000.

Several other hedge funds have also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. Newton One Investments LLC purchased a new position in shares of Netflix during the 4th quarter worth approximately $34,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Netflix during the 3rd quarter worth approximately $37,000. Finally, Pineridge Advisors LLC lifted its stake in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 1.3 %

NASDAQ NFLX opened at $1,027.60 on Tuesday. The company has a market capitalization of $439.57 billion, a price-to-earnings ratio of 51.82, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27. 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, Inc. has a 12 month low of $542.01 and a 12 month high of $1,032.85. The company’s fifty day moving average price is $917.36 and its two-hundred day moving average price is $792.29.

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 the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $2.11 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,434 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,015.00, for a total value of $4,500,510.00. Following the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,144,250. This trade represents a 25.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders sold a total of 298,870 shares of company stock worth $285,287,314 over the last 90 days. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on NFLX shares. BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Pivotal Research raised their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group upped their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC lifted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.