SeaBridge Investment Advisors LLC Buys New Shares in Netflix, Inc. (NASDAQ:NFLX)

SeaBridge Investment Advisors LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,565 shares of the Internet television network’s stock, valued at approximately $586,000.

Several other hedge funds have also made changes to their positions in NFLX. BlackRock Inc. increased its stake in Netflix by 8.1% in the 4th quarter. BlackRock Inc. now owns 29,223,880 shares of the Internet television network’s stock valued at $17,605,636,000 after buying an additional 2,179,427 shares during the period. State Street Corp increased its stake in Netflix by 1.8% in the 4th quarter. State Street Corp now owns 16,477,179 shares of the Internet television network’s stock valued at $9,926,512,000 after buying an additional 299,165 shares during the period. Capital World Investors increased its stake in shares of Netflix by 0.4% during the 4th quarter. Capital World Investors now owns 13,268,607 shares of the Internet television network’s stock worth $7,993,623,000 after purchasing an additional 50,911 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Netflix by 3.0% during the 4th quarter. Geode Capital Management LLC now owns 7,192,197 shares of the Internet television network’s stock worth $4,320,858,000 after purchasing an additional 209,346 shares during the last quarter. Finally, Jennison Associates LLC increased its stake in shares of Netflix by 6.2% during the 4th quarter. Jennison Associates LLC now owns 6,643,284 shares of the Internet television network’s stock worth $4,002,180,000 after purchasing an additional 385,522 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Netflix Stock Down 1.4 %

Netflix stock opened at $226.78 on Friday. The company’s 50 day simple moving average is $194.85 and its 200 day simple moving average is $279.93. Netflix, Inc. has a fifty-two week low of $162.71 and a fifty-two week high of $700.99. The firm has a market capitalization of $100.85 billion, a price-to-earnings ratio of 20.16, a PEG ratio of 1.59 and a beta of 1.36. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05.

Netflix (NASDAQ:NFLX – Get Rating) last announced its quarterly earnings results on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $0.24. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The firm had revenue of $7.97 billion for the quarter, compared to analyst estimates of $8.03 billion. During the same quarter in the previous year, the firm posted $2.97 earnings per share. The business’s revenue was up 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Netflix, Inc. will post 10.06 EPS for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several analyst reports. JPMorgan Chase & Co. increased their price target on shares of Netflix from $230.00 to $240.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 20th. Citigroup lowered their target price on shares of Netflix from $295.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, July 7th. UBS Group lowered their target price on shares of Netflix from $355.00 to $198.00 and set a “neutral” rating on the stock in a research note on Friday, July 15th. Canaccord Genuity Group lowered their target price on shares of Netflix from $600.00 to $400.00 and set a “buy” rating on the stock in a research note on Wednesday, April 20th. Finally, Cowen lowered their target price on shares of Netflix from $590.00 to $325.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 20th. Six research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $323.92.

About Netflix

(Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.