Hartline Investment Corp Has $332,000 Stake in Netflix, Inc. (NASDAQ:NFLX)

Hartline Investment Corp raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 681 shares of the Internet television network’s stock after acquiring an additional 36 shares during the quarter. Hartline Investment Corp’s holdings in Netflix were worth $332,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC increased its stake in Netflix by 15,039.1% in the 4th 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 buying an additional 2,061,859 shares during the last quarter. Jennison Associates LLC grew its stake in Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after buying an additional 1,573,978 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares during the period. Alecta Tjanstepension Omsesidigt boosted its holdings in Netflix by 171.4% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock valued at $231,258,000 after purchasing an additional 300,000 shares during the period. Finally, Quadrature Capital Ltd bought a new position in Netflix in the 3rd quarter valued at $99,219,000. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NASDAQ:NFLX traded down $22.63 during mid-day trading on Wednesday, reaching $555.12. The stock had a trading volume of 5,333,260 shares, compared to its average volume of 4,527,938. The stock has a 50-day simple moving average of $606.05 and a two-hundred day simple moving average of $517.65. The stock has a market capitalization of $239.20 billion, a PE ratio of 38.36, a P/E/G ratio of 1.41 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 earnings per share. Netflix’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts anticipate that Netflix, Inc. will post 17.87 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of analyst reports. Needham & Company LLC upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price on the stock in a research report on Friday, April 19th. UBS Group boosted their price target on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. Pivotal Research boosted their price objective on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a research note on Thursday, January 25th. Finally, Jefferies Financial Group upped their target price on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $630.58.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were 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 can be accessed through this hyperlink. In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The disclosure for this sale can be found here. In the last ninety days, insiders sold 160,106 shares of company stock valued at $92,729,716. Corporate insiders own 2.45% of the company’s stock.

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.