Yarbrough Capital LLC purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 100 shares of the Internet television network's stock, valued at approximately $29,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fairfield Bush & CO. grew its holdings in Netflix by 26.5% in the first quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network's stock worth $916,000 after purchasing an additional 512 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Netflix by 21.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network's stock worth $179,820,000 after purchasing an additional 84,179 shares during the period. Sequoia Financial Advisors LLC grew its holdings in Netflix by 14.2% in the first quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network's stock worth $1,094,000 after purchasing an additional 363 shares during the period. Candriam Luxembourg S.C.A. grew its holdings in Netflix by 6.9% in the first quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network's stock worth $13,610,000 after purchasing an additional 2,358 shares during the period. Finally, Brown Brothers Harriman & Co. grew its holdings in Netflix by 13.1% in the first quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network's stock worth $1,426,000 after purchasing an additional 441 shares during the period. Hedge funds and other institutional investors own 77.26% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NFLX. New Street Research began coverage on shares of Netflix in a report on Wednesday, January 4th. They issued a "neutral" rating and a $304.00 price objective on the stock. Moffett Nathanson upped their price objective on shares of Netflix from $240.00 to $250.00 and gave the stock a "market perform" rating in a report on Friday, January 20th. Pivotal Research restated a "buy" rating and issued a $400.00 price objective (up previously from $375.00) on shares of Netflix in a report on Friday, January 20th. The Goldman Sachs Group upped their target price on shares of Netflix from $225.00 to $230.00 and gave the stock a "sell" rating in a research note on Friday, January 20th. Finally, Cowen set a $405.00 target price on shares of Netflix in a research note on Friday, December 9th. Three investment analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of "Hold" and an average price target of $343.13.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 3,698 shares of the firm's stock in a transaction that occurred on Tuesday, January 31st. The shares were sold at an average price of $352.94, for a total value of $1,305,172.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.39% of the stock is owned by corporate insiders.

Netflix Trading Up 0.4 %

Shares of NFLX traded up $1.34 during mid-day trading on Monday, reaching $304.84. The stock had a trading volume of 1,530,638 shares, compared to its average volume of 7,733,495. The business's fifty day moving average is $334.97 and its 200 day moving average is $293.18. Netflix, Inc. has a 52-week low of $162.71 and a 52-week high of $396.50. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $135.76 billion, a price-to-earnings ratio of 30.50, a P/E/G ratio of 1.41 and a beta of 1.26.

Netflix (NASDAQ:NFLX – Get Rating) last issued its quarterly earnings results on Thursday, January 19th. The Internet television network reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.35). The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.85 billion. Netflix had a return on equity of 23.06% and a net margin of 14.21%. The firm's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 11.18 EPS for the current fiscal year.

Netflix Profile

(Get Rating)

Netflix, Inc engages in providing entertainment services. It also offers a broad set of activities for leisure time, entertainment video, video gaming, and other sources of entertainment. It operates through the United States and International geographic segments. The company was founded by Marc Randolph and Wilmot Reed Hastings on August 29, 1997 and is headquartered in Los Gatos, CA.

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