Del Sette Capital Management LLC Has $1.47 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Del Sette Capital Management LLC boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,024 shares of the Internet television network’s stock after acquiring an additional 114 shares during the period. Netflix accounts for 1.3% of Del Sette Capital Management LLC’s investment portfolio, making the stock its 17th largest holding. Del Sette Capital Management LLC’s holdings in Netflix were worth $1,472,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jennison Associates LLC increased its holdings in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Northern Trust Corp increased its stake in shares of Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after acquiring an additional 96,938 shares in the last quarter. Clearbridge Investments LLC lifted its position in shares of Netflix by 5.3% during the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock valued at $1,051,123,000 after acquiring an additional 139,165 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Netflix by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock worth $903,834,000 after purchasing an additional 14,364 shares during the period. Finally, International Assets Investment Management LLC increased its stake in Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after purchasing an additional 2,061,859 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. In the last quarter, insiders sold 154,573 shares of company stock valued at $89,548,241. Insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on NFLX. JPMorgan Chase & Co. upped their target price on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Macquarie raised their price objective on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research note on Tuesday, April 16th. Jefferies Financial Group boosted their target price on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. Rosenblatt Securities dropped their price target on shares of Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research report on Friday, April 19th. Finally, Redburn Atlantic boosted their price objective on Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $630.58.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $3.57 during trading on Friday, reaching $561.23. The company had a trading volume of 4,332,593 shares, compared to its average volume of 4,190,527. The company has a fifty day moving average of $604.54 and a two-hundred day moving average of $521.57. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $241.83 billion, a P/E ratio of 38.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period last year, the firm posted $2.88 EPS. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts forecast that Netflix, Inc. will post 18.13 earnings per share for the current 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.