Banco BTG Pactual S.A. Acquires New Position in Netflix, Inc. (NASDAQ:NFLX)

Banco BTG Pactual S.A. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,090 shares of the Internet television network’s stock, valued at approximately $1,853,000.

Several other hedge funds have also bought and sold shares of NFLX. Core Wealth Partners LLC lifted its position in Netflix by 3.5% during the fourth quarter. Core Wealth Partners LLC now owns 473 shares of the Internet television network’s stock worth $422,000 after buying an additional 16 shares in the last quarter. Ausdal Financial Partners Inc. increased its position in shares of Netflix by 17.2% in the 4th quarter. Ausdal Financial Partners Inc. now owns 2,092 shares of the Internet television network’s stock valued at $1,865,000 after purchasing an additional 307 shares during the last quarter. Mizuho Securities Co. Ltd. raised its position in shares of Netflix by 500.0% during the 4th quarter. Mizuho Securities Co. Ltd. now owns 60 shares of the Internet television network’s stock worth $54,000 after acquiring an additional 50 shares in the last quarter. Financial Engines Advisors L.L.C. increased its position in shares of Netflix by 0.4% during the fourth quarter. Financial Engines Advisors L.L.C. now owns 5,670 shares of the Internet television network’s stock worth $5,054,000 after purchasing an additional 25 shares in the last quarter. Finally, Murphy & Mullick Capital Management Corp purchased a new stake in Netflix in the 4th quarter valued at $185,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 2.6 %

NASDAQ:NFLX opened at $997.28 on Wednesday. The stock has a market cap of $426.59 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The company’s 50 day moving average price is $965.09 and its 200-day moving average price is $863.43.

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 the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.11 earnings per share. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have issued reports on NFLX shares. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Needham & Company LLC lifted their price objective on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Piper Sandler reiterated an “overweight” rating and set a $1,100.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Oppenheimer increased their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $1,016.78.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 685 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at $3,726,322.87. This represents a 15.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 288,103 shares of company stock valued at $279,142,041. Company insiders own 1.76% of the company’s stock.

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.