Chicago Capital LLC Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Chicago Capital LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the 4th quarter, HoldingsChannel reports. The fund owned 87,785 shares of the Internet television network’s stock after purchasing an additional 1,366 shares during the quarter. Netflix comprises 2.1% of Chicago Capital LLC’s holdings, making the stock its 16th biggest position. Chicago Capital LLC’s holdings in Netflix were worth $78,245,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix in the 3rd quarter worth $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix in the third quarter worth $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix during the third quarter valued at $40,000. 80.93% of the stock is currently owned by institutional investors.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold 105,516 shares of company stock worth $92,377,637 over the last quarter. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NFLX. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Argus lifted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. KeyCorp increased their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Loop Capital upped their price objective on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Finally, Wedbush reissued an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Performance

Shares of NFLX stock opened at $976.76 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The firm has a market capitalization of $417.82 billion, a price-to-earnings ratio of 49.26, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. The business has a fifty day moving average of $904.67 and a 200 day moving average of $778.61.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for 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 business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 earnings per share. As a group, research analysts expect 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.