GAMMA Investing LLC Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

GAMMA Investing LLC lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 13.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 8,060 shares of the Internet television network’s stock after purchasing an additional 941 shares during the period. Netflix makes up approximately 0.6% of GAMMA Investing LLC’s portfolio, making the stock its 19th biggest position. GAMMA Investing LLC’s holdings in Netflix were worth $7,184,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. First National Trust Co lifted its stake in Netflix by 4.5% in the second quarter. First National Trust Co now owns 1,403 shares of the Internet television network’s stock worth $947,000 after purchasing an additional 61 shares during the last quarter. Cozad Asset Management Inc. raised its stake in shares of Netflix by 29.1% in the second quarter. Cozad Asset Management Inc. now owns 879 shares of the Internet television network’s stock worth $593,000 after purchasing an additional 198 shares during the last quarter. Larson Financial Group LLC lifted its stake in Netflix by 2.6% during the 2nd quarter. Larson Financial Group LLC now owns 2,229 shares of the Internet television network’s stock valued at $1,504,000 after acquiring an additional 56 shares during the period. GPM Growth Investors Inc. purchased a new stake in Netflix during the 2nd quarter valued at $219,000. Finally, Stablepoint Partners LLC boosted its holdings in shares of Netflix by 2.1% in the second quarter. Stablepoint Partners LLC now owns 4,317 shares of the Internet television network’s stock worth $2,707,000 after buying an additional 90 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Leslie J. Kilgore sold 383 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $730.00, for a total transaction of $279,590.00. Following the transaction, the director now owns 35,262 shares of the company’s stock, valued at approximately $25,741,260. The trade was a 1.07 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 114,893 shares of company stock valued at $93,859,830. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $886.73 on Friday. The firm has a market capitalization of $379.04 billion, a price-to-earnings ratio of 50.18, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $861.40 and its 200-day moving average is $743.72. Netflix, Inc. has a one year low of $465.77 and a one year high of $941.75.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Equities analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NFLX. Oppenheimer boosted their price objective on Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a research note on Monday, December 16th. Canaccord Genuity Group increased their price target on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Citigroup boosted their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Rosenblatt Securities increased their price target on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. Finally, Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $807.70.

About Netflix

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.