May Hill Capital LLC Takes $1.21 Million Position in Netflix, Inc. (NASDAQ:NFLX)

May Hill Capital LLC bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,362 shares of the Internet television network’s stock, valued at approximately $1,214,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Newton One Investments LLC bought a new stake in Netflix in the 4th quarter valued at $34,000. Pineridge Advisors LLC grew its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Netflix during the fourth quarter worth $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on NFLX shares. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Robert W. Baird raised their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. FBN Securities assumed coverage on Netflix in a research note on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price target for the company. KeyCorp raised their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Pivotal Research upped their target price on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.02.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by insiders.

Netflix Stock Down 0.1 %

Shares of NFLX opened at $932.53 on Tuesday. The company has a market capitalization of $398.90 billion, a PE ratio of 47.03, a PEG ratio of 2.12 and a beta of 1.38. The stock’s 50-day moving average price is $973.23 and its two-hundred day moving average price is $871.15. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS 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.