Y.D. More Investments Ltd Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Y.D. More Investments Ltd increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 155.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,638 shares of the Internet television network’s stock after purchasing an additional 998 shares during the quarter. Y.D. More Investments Ltd’s holdings in Netflix were worth $798,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management raised its holdings in shares of Netflix by 34.4% in the 3rd quarter. Brookstone Capital Management now owns 6,514 shares of the Internet television network’s stock worth $2,617,000 after purchasing an additional 1,666 shares during the period. Busey Trust CO acquired a new stake in shares of Netflix in the third quarter valued at about $201,000. Vicus Capital acquired a new stake in shares of Netflix in the third quarter valued at about $482,000. First Pacific Financial grew its stake in shares of Netflix by 37.9% in the third quarter. First Pacific Financial now owns 211 shares of the Internet television network’s stock valued at $80,000 after buying an additional 58 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Netflix by 14.9% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 82,080 shares of the Internet television network’s stock valued at $30,994,000 after buying an additional 10,646 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Barclays increased their target price on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Pivotal Research increased their target price on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Wells Fargo & Company increased their target price on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Sanford C. Bernstein raised their price objective on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. Finally, Benchmark restated a “sell” rating and set a $440.00 price objective on shares of Netflix in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Insider Activity

In other news, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the transaction, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,573 shares of company stock worth $89,548,241. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $1.07 during mid-day trading on Wednesday, reaching $551.71. The company had a trading volume of 3,345,742 shares, compared to its average volume of 4,465,293. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market cap of $237.73 billion, a PE ratio of 38.29, a P/E/G ratio of 1.37 and a beta of 1.22. The company has a 50-day moving average price of $603.56 and a two-hundred day moving average price of $524.34. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.88 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 18.13 earnings per share 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.