Boothbay Fund Management LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 13.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,863 shares of the Internet television network’s stock after purchasing an additional 2,771 shares during the quarter. Netflix accounts for 0.7% of Boothbay Fund Management LLC’s portfolio, making the stock its 24th largest position. Boothbay Fund Management LLC’s holdings in Netflix were worth $4,328,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Quadrant Capital Group LLC boosted its holdings in Netflix by 0.6% in the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock worth $229,000 after purchasing an additional 10 shares during the last quarter. Kalos Management Inc. boosted its stake in shares of Netflix by 0.7% during the 2nd quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock worth $242,000 after acquiring an additional 12 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its stake in shares of Netflix by 1.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock worth $515,000 after acquiring an additional 53 shares during the last quarter. Sii Investments Inc. WI boosted its stake in shares of Netflix by 2.1% during the 2nd quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock worth $460,000 after acquiring an additional 64 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of Netflix by 2.1% during the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock worth $464,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 83.38% of the company’s stock.

In other Netflix news, Director Ann Mather sold 3,885 shares of Netflix stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the completion of the transaction, the director now directly owns 1,015 shares of the company’s stock, valued at approximately $203,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, December 4th. The stock was sold at an average price of $189.39, for a total transaction of $189,390.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $189,390. The disclosure for this sale can be found here. Over the last quarter, insiders sold 323,935 shares of company stock worth $62,565,812. 4.90% of the stock is currently owned by insiders.

Several brokerages have recently weighed in on NFLX. SunTrust Banks set a $175.00 price target on shares of Netflix and gave the stock a “hold” rating in a research note on Monday, October 16th. Jefferies Group set a $190.00 price target on shares of Netflix and gave the stock a “neutral” rating in a research note on Tuesday, October 17th. Wedbush set a $93.00 price target on shares of Netflix and gave the stock a “sell” rating in a research note on Tuesday, October 17th. FBR & Co reiterated a “buy” rating and set a $207.00 price target (up previously from $172.00) on shares of Netflix in a research note on Tuesday, October 17th. Finally, Royal Bank Of Canada lifted their price target on shares of Netflix from $210.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 17th. One analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $209.65.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at $185.30 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The stock has a market cap of $79,713.40, a price-to-earnings ratio of 186.07, a price-to-earnings-growth ratio of 5.47 and a beta of 1.33. Netflix, Inc. has a fifty-two week low of $121.73 and a fifty-two week high of $204.38.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.12 earnings per share. equities research analysts predict that Netflix, Inc. will post 1.26 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: This piece was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.watchlistnews.com/netflix-inc-nflx-stake-raised-by-boothbay-fund-management-llc/1749376.html.

Netflix Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.