Hexagon Capital Partners LLC Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Hexagon Capital Partners LLC increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,244 shares of the Internet television network’s stock after purchasing an additional 39 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Netflix were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC purchased a new stake in Netflix during the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix in the 3rd quarter worth about $26,000. Carmel Capital Partners LLC boosted its stake in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after buying an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC boosted its stake in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after buying an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new stake in Netflix in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 20,734 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total transaction of $11,759,495.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Netflix news, Chairman Reed Hastings sold 20,734 shares of Netflix stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total value of $11,759,495.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock valued at $89,548,241 over the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock traded down $8.85 during trading on Tuesday, hitting $550.64. The stock had a trading volume of 3,357,616 shares, compared to its average volume of 4,478,684. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $237.27 billion, a P/E ratio of 38.21, a PEG ratio of 1.37 and a beta of 1.22. The business has a fifty day moving average of $603.56 and a two-hundred day moving average of $524.34. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week 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 the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the prior year, the firm posted $2.88 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. On average, sell-side analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. KeyCorp raised their price target on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. BMO Capital Markets reissued an “outperform” rating and issued a $713.00 price target (up from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Rosenblatt Securities reduced their price objective on Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Piper Sandler lifted their price objective on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, April 12th. Finally, Loop Capital lifted their price objective on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research note on Monday, March 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

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.