PointState Capital LP Takes $11.05 Million Position in Netflix, Inc. (NFLX)

PointState Capital LP bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 37,400 shares of the Internet television network’s stock, valued at approximately $11,046,000.

Other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its position in Netflix by 4.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 46,013 shares of the Internet television network’s stock valued at $8,833,000 after purchasing an additional 1,801 shares in the last quarter. Navellier & Associates Inc grew its position in Netflix by 8.4% in the fourth quarter. Navellier & Associates Inc now owns 3,991 shares of the Internet television network’s stock valued at $766,000 after purchasing an additional 309 shares in the last quarter. Assetmark Inc. grew its position in Netflix by 1,148.5% in the fourth quarter. Assetmark Inc. now owns 14,395 shares of the Internet television network’s stock valued at $2,763,000 after purchasing an additional 13,242 shares in the last quarter. Maryland Capital Management bought a new position in Netflix in the fourth quarter valued at $249,000. Finally, Pittenger & Anderson Inc. grew its position in Netflix by 14.3% in the fourth quarter. Pittenger & Anderson Inc. now owns 12,480 shares of the Internet television network’s stock valued at $2,396,000 after purchasing an additional 1,565 shares in the last quarter. 77.34% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on NFLX shares. Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $300.13 target price for the company. in a research report on Monday, March 26th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $329.00 price objective for the company in a research report on Friday, April 6th. Oppenheimer reissued a “buy” rating and issued a $370.00 price objective on shares of Netflix in a research report on Thursday. Bank of America lifted their price objective on shares of Netflix from $300.00 to $347.00 and gave the company a “buy” rating in a research report on Tuesday, April 17th. Finally, Citigroup lifted their price objective on shares of Netflix from $250.00 to $305.00 and gave the company a “neutral” rating in a research report on Wednesday, March 28th. Four analysts have rated the stock with a sell rating, seventeen have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $297.58.

Shares of Netflix opened at $391.98 on Friday, MarketBeat.com reports. Netflix, Inc. has a twelve month low of $144.25 and a twelve month high of $398.86. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 1.63. The stock has a market capitalization of $170.39 billion, a price-to-earnings ratio of 313.58, a price-to-earnings-growth ratio of 5.10 and a beta of 1.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The business had revenue of $3.70 billion during the quarter, compared to analysts’ expectations of $3.69 billion. During the same quarter in the previous year, the company earned $0.40 EPS. The business’s revenue was up 40.3% on a year-over-year basis. equities research analysts expect that Netflix, Inc. will post 2.88 EPS for the current fiscal year.

In other news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The shares were sold at an average price of $283.39, for a total value of $198,373.00. Following the completion of the transaction, the director now directly owns 7,393 shares in the company, valued at approximately $2,095,102.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Reed Hastings sold 75,271 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $316.98, for a total transaction of $23,859,401.58. Following the completion of the transaction, the chief executive officer now owns 75,271 shares of the company’s stock, valued at $23,859,401.58. The disclosure for this sale can be found here. Insiders sold a total of 275,919 shares of company stock valued at $90,089,624 over the last 90 days. Corporate insiders own 4.29% of the company’s stock.

Netflix Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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