TCG Advisory Services LLC Acquires 1,850 Shares of Netflix, Inc. (NASDAQ:NFLX)

TCG Advisory Services LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 108.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,556 shares of the Internet television network’s stock after buying an additional 1,850 shares during the quarter. TCG Advisory Services LLC’s holdings in Netflix were worth $1,731,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its holdings in shares of Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares during the period. Jennison Associates LLC raised its stake in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after buying an additional 1,573,978 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after buying an additional 392,427 shares during the last quarter. Alecta Tjanstepension Omsesidigt grew its stake in shares of Netflix by 171.4% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after acquiring an additional 300,000 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Netflix in the 3rd quarter worth about $99,219,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NFLX traded up $14.19 during trading hours on Friday, reaching $579.34. 3,307,524 shares of the stock traded hands, compared to its average volume of 4,520,712. The company has a market cap of $249.67 billion, a P/E ratio of 40.20, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. 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 company’s 50-day moving average price is $602.57 and its two-hundred day moving average price is $526.33. Netflix, Inc. has a 52-week low of $317.95 and a 52-week high of $639.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period last year, the company posted $2.88 earnings per share. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts anticipate that Netflix, Inc. will post 18.3 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,833 shares of company stock valued at $88,270,051. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NFLX. Morgan Stanley increased their target price on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Jefferies Financial Group raised their price objective on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Evercore ISI boosted their target price on shares of Netflix from $640.00 to $650.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $585.00 price target (down from $720.00) on shares of Netflix in a report on Friday, April 19th. Finally, Barclays boosted their price objective on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $631.15.

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.