MRP Capital Investments LLC Purchases Shares of 1,140 Netflix, Inc. (NASDAQ:NFLX)

MRP Capital Investments LLC acquired a new stake in Netflix, Inc. (NASDAQ:NFLX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,140 shares of the Internet television network’s stock, valued at approximately $769,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wellington Management Group LLP raised its position in Netflix by 540.9% in the fourth quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares in the last quarter. GQG Partners LLC bought a new position in shares of Netflix during the 1st quarter worth approximately $1,450,476,000. Jennison Associates LLC boosted its stake in Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after buying an additional 929,193 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Netflix in the first quarter valued at $436,514,000. Finally, Jericho Capital Asset Management L.P. bought a new stake in Netflix in the first quarter valued at $372,293,000. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on NFLX shares. Evercore ISI increased their target price on Netflix from $710.00 to $750.00 and gave the stock an “outperform” rating in a report on Tuesday, August 27th. Pivotal Research increased their price objective on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Needham & Company LLC reissued a “buy” rating and set a $700.00 price target on shares of Netflix in a research report on Friday, July 19th. Jefferies Financial Group upped their price objective on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Finally, Piper Sandler lifted their target price on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $685.29.

Netflix Stock Performance

NFLX opened at $690.47 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The company has a market capitalization of $297.59 billion, a PE ratio of 47.92, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The business has a fifty day simple moving average of $660.90 and a 200 day simple moving average of $639.51. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $711.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, beating the consensus estimate of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the prior year, the company posted $3.29 earnings per share. Netflix’s revenue was up 16.8% compared to the same quarter last year. Research analysts expect that Netflix, Inc. will post 19.08 EPS for the current year.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 20,656 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $19,128,159.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider David A. Hyman sold 13,791 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $700.00, for a total value of $9,653,700.00. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $22,127,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,798 shares of company stock worth $129,552,672. Company insiders own 1.76% of the company’s stock.

Netflix 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.