Bay Colony Advisory Group Inc d b a Bay Colony Advisors Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 472 shares of the Internet television network’s stock, valued at approximately $230,000.

A number of other large investors have also modified their holdings of NFLX. Norges Bank acquired a new position in shares of Netflix in the fourth quarter worth about $1,501,762,000. Moneta Group Investment Advisors LLC raised its position in shares of Netflix by 117,939.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock worth $808,575,000 after purchasing an additional 2,739,725 shares during the last quarter. International Assets Investment Management LLC raised its position in shares of Netflix by 15,039.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Netflix by 202.7% during the 2nd quarter. Alliancebernstein L.P. now owns 1,790,092 shares of the Internet television network’s stock worth $788,518,000 after purchasing an additional 1,198,774 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Netflix by 113.1% during the 2nd quarter. Barclays PLC now owns 1,869,385 shares of the Internet television network’s stock worth $823,446,000 after purchasing an additional 992,193 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on 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 sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research analyst reports. Citigroup upped their price target on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target for the company in a research report on Thursday, January 25th. TD Cowen upped their price target on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Guggenheim upped their price target on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley upped their price target on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $603.48.

Netflix Trading Up 1.7 %

Shares of NASDAQ NFLX opened at $617.52 on Wednesday. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock has a fifty day simple moving average of $603.65 and a 200-day simple moving average of $510.44. The stock has a market capitalization of $267.24 billion, a PE ratio of 51.42, a PEG ratio of 1.64 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities analysts forecast that Netflix, Inc. will post 17.03 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.