Everpar Advisors LLC Purchases New Shares in Netflix, Inc. (NASDAQ:NFLX)

Everpar Advisors LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,698 shares of the Internet television network’s stock, valued at approximately $827,000.

Other hedge funds also recently bought and sold shares of the company. Columbia Trust Co 01012016 increased its position in Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after acquiring an additional 208 shares during the last quarter. Crumly & Associates Inc. grew its holdings in shares of Netflix by 4.1% in the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after purchasing an additional 83 shares during the last quarter. Venture Visionary Partners LLC grew its holdings in shares of Netflix by 15.4% in the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after purchasing an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in 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 worth $252,085,000 after acquiring an additional 392,427 shares in the last quarter. Finally, Sandy Cove Advisors LLC lifted its position in shares of Netflix by 10.6% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after buying an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on NFLX. KeyCorp lifted their price objective on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Benchmark reissued a “sell” rating and set a $440.00 price target on shares of Netflix in a research report on Thursday, April 18th. UBS Group upped their target price on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Finally, Oppenheimer reiterated an “outperform” rating and set a $725.00 price target on shares of Netflix in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $631.15.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,413,521.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,181,250. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the firm’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,413,521.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 157,141 shares of company stock worth $90,796,396. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Up 1.5 %

Shares of NASDAQ:NFLX traded up $9.03 during trading on Tuesday, reaching $606.00. 3,608,993 shares of the stock traded hands, compared to its average volume of 4,419,100. Netflix, Inc. has a 52-week low of $322.03 and a 52-week high of $639.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a 50-day moving average of $602.85 and a two-hundred day moving average of $531.62. The stock has a market cap of $261.16 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.88 EPS. As a group, sell-side analysts expect that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

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.