Peachtree Investment Partners LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Peachtree Investment Partners LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, Holdings Channel.com reports. The fund bought 257 shares of the Internet television network’s stock, valued at approximately $229,000.

Other large investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after purchasing an additional 198,148 shares during the period. Weiss Asset Management LP acquired a new position in shares of Netflix in the 3rd quarter valued at $878,000. Raab & Moskowitz Asset Management LLC grew its stake in shares of Netflix by 4.7% during the 3rd quarter. Raab & Moskowitz Asset Management LLC now owns 1,111 shares of the Internet television network’s stock valued at $788,000 after buying an additional 50 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in shares of Netflix during the 3rd quarter valued at $1,231,000. Finally, Nomura Asset Management Co. Ltd. increased its holdings in shares of Netflix by 2.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 178,429 shares of the Internet television network’s stock worth $126,554,000 after buying an additional 4,594 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $362,933.10. The trade was a 98.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at $3,402,068.52. This represents a 41.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock worth $267,919,297 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. UBS Group set a $1,000.00 target price on Netflix in a report on Monday, March 24th. The Goldman Sachs Group lifted their price objective on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Needham & Company LLC lifted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,023.74.

Netflix Price Performance

Shares of NFLX opened at $867.83 on Tuesday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a fifty day moving average price of $968.16 and a 200 day moving average price of $878.26. The company has a market cap of $371.22 billion, a P/E ratio of 43.76, a PEG ratio of 2.12 and a beta of 1.55.

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