TABR Capital Management LLC Buys New Position in Netflix, Inc. (NASDAQ:NFLX)

TABR Capital Management LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 322 shares of the Internet television network’s stock, valued at approximately $287,000. Netflix makes up approximately 0.3% of TABR Capital Management LLC’s portfolio, making the stock its 24th biggest holding.

Several other hedge funds have also made changes to their positions in NFLX. Advisory Resource Group increased its stake in Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after buying an additional 12 shares during the period. Insight Wealth Strategies LLC raised its stake in shares of Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after acquiring an additional 12 shares in the last quarter. Sunflower Bank N.A. boosted its holdings in Netflix by 2.1% in the fourth quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after purchasing an additional 12 shares during the period. D.B. Root & Company LLC increased its holdings in Netflix by 4.1% during the 4th quarter. D.B. Root & Company LLC now owns 331 shares of the Internet television network’s stock worth $295,000 after purchasing an additional 13 shares during the period. Finally, New World Advisors LLC boosted its stake in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after buying an additional 14 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This represents a 33.33 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,500 shares of company stock valued at $123,309,210. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $984.86 on Friday. The firm has a market capitalization of $420.99 billion, a PE ratio of 49.67, a P/E/G ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 52 week low of $537.07 and a 52 week high of $999.00. The firm’s 50-day simple moving average is $889.11 and its 200 day simple moving average is $763.41. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. During the same period in the prior year, the business earned $2.11 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities research analysts predict that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on NFLX shares. KeyCorp boosted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a report on Wednesday. UBS Group upped their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday. Piper Sandler reissued an “overweight” rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday. StockNews.com downgraded Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Finally, Needham & Company LLC raised their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,009.29.

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.