Metis Global Partners LLC Acquires 3,049 Shares of Netflix, Inc. (NASDAQ:NFLX)

Metis Global Partners LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 14.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,105 shares of the Internet television network’s stock after purchasing an additional 3,049 shares during the period. Metis Global Partners LLC’s holdings in Netflix were worth $11,736,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Authentikos Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter valued at about $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Netflix in the third quarter valued at approximately $26,000. Carmel Capital Partners LLC grew its stake in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the period. Finally, Pacifica Partners Inc. bought a new stake in Netflix during the 4th quarter valued at $41,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the sale, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The disclosure for this sale can be found here. Insiders have sold a total of 152,833 shares of company stock valued at $88,270,051 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and set a $725.00 price target on shares of Netflix in a research note on Friday, April 19th. Canaccord Genuity Group restated a “hold” rating and issued a $585.00 price target (down previously from $720.00) on shares of Netflix in a report on Friday, April 19th. Barclays increased their price objective on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Finally, CICC Research assumed coverage on Netflix in a report on Thursday. They issued an “outperform” rating and a $650.00 price target on the stock. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $631.15.

Netflix Stock Performance

Shares of NFLX stock traded up $14.19 during trading hours on Friday, hitting $579.34. The company’s stock had a trading volume of 3,307,524 shares, compared to its average volume of 4,520,712. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a 50 day moving average of $602.57 and a 200 day moving average of $528.80. Netflix, Inc. has a 12-month low of $317.95 and a 12-month high of $639.00. The stock has a market cap of $249.67 billion, a PE ratio of 40.20, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company earned $2.88 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

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.