Impact Capital Partners LLC Expands Its Investment in Netflix, Inc.

Impact Capital Partners LLC has recently taken a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, as reported in its latest Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,672 shares of Netflix's stock, which amounts to an approximate value of $2,382,000. Currently, Netflix constitutes 0.8% of Impact Capital Partners LLC's portfolio, making it the firm's 29th largest holding.

Additionally, various institutional investors and hedge funds have recently modified their stakes in NFLX. For instance, RPg Family Wealth Advisory LLC bought a new stake in Netflix in the third quarter valued at around $25,000. Meanwhile, Pathway Financial Advisers LLC increased its holdings in Netflix by 82.4% during the fourth quarter, now owning 31 shares worth $27,000 after acquiring an additional 14 shares. Newton One Investments LLC also made a new investment in Netflix in the fourth quarter, amounting to about $34,000. MidAtlantic Capital Management Inc. and Pineridge Advisors LLC made similar moves, with the latter boosting its holdings by an impressive 4,000.0%, acquiring a total of 41 shares valued at $37,000. It is noteworthy that 80.93% of Netflix's stock is currently held by hedge funds and institutional investors.

Recent Performance of Netflix Stock

As of Thursday, shares of NFLX opened at $919.68. Over the last year, Netflix has seen a low of $542.01 and a high of $1,064.50. The company boasts a market capitalization of $393.40 billion, a price-to-earnings (PE) ratio of 46.38, a price-to-earnings growth (PEG) ratio of 2.12, and a beta of 1.38. Netflix has maintained a debt-to-equity ratio of 0.56 and both a quick and current ratio of 1.22. The average price of its 50-day moving average stands at $950.23, while the 200-day moving average is $845.78.

Quarterly Earnings Overview

Netflix recently released its quarterly earnings on January 21st, reporting earnings per share (EPS) of $4.27, which exceeded the consensus estimate of $4.20 by $0.07. The company enjoyed a return on equity of 38.32% and achieved a net margin of 22.34%. Netflix recorded revenues of $10.25 billion for the quarter, surpassing the consensus estimate of $10.14 billion. In comparison to the same period last year, revenues increased by 16.0%. Analysts predict that Netflix will post earnings of approximately $24.58 per share for the current fiscal year.

Analyst Ratings and Price Predictions

Several equity analysts have shared updated projections regarding Netflix's stock. Oppenheimer raised its price target from $1,040.00 to $1,150.00, rating the stock as "outperform" in a report dated January 22nd. Similarly, Rosenblatt Securities upgraded Netflix from a "neutral" to a "buy" rating, increasing their target price significantly from $680.00 to $1,494.00. UBS Group also maintained a "buy" rating, while Argus lifted their price target from $840.00 to $1,040.00, granting the stock a "buy" rating as of January 6th. Macquarie followed suit by enhancing their prediction from $965.00 to $1,150.00 with a rating of "outperform." Overall, ten analysts have assigned the stock a hold rating, twenty-five have indicated a buy rating, and one has issued a strong buy rating. Based on data from MarketBeat.com, Netflix holds a consensus rating of "Moderate Buy" with an average target price of $1,014.26.

Insider Trading Activity

In related news, Netflix's Chairman Reed Hastings sold 35,868 shares on January 2nd at an average price of $888.08, totaling approximately $31.85 million. Following this sale, Hastings owns 114 shares, valued at around $101,241.12. Notably, this transaction led to a drastic 99.68% reduction in his holdings. The transaction was duly reported to the SEC. Additionally, on February 3rd, Director Ann Mather sold 2,682 shares at an average price of $973.00, amounting to $2.61 million. Over the past ninety days, insiders have sold a total of 288,103 shares of Netflix, worth $279.14 million, with corporate insiders holding 1.76% of the stock.

Business Overview of Netflix

Netflix, Inc. provides a wide range of entertainment services, including TV series, documentaries, feature films, and games spanning various genres and languages. The company also allows members to access streaming content via numerous internet-connected devices, such as televisions, digital video players, set-top boxes, and mobile devices.

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