Capital International Sarl Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Capital International Sarl increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 104,420 shares of the Internet television network's stock after acquiring an additional 5,113 shares during the quarter. Netflix comprises 2.1% of Capital International Sarl's investment portfolio, making the stock its 7th largest holding. Capital International Sarl's holdings in Netflix were worth $93,072,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Newton One Investments LLC acquired a new position in shares of Netflix in the fourth quarter valued at about $34,000. Pineridge Advisors LLC raised its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the period. Princeton Global Asset Management LLC raised its position in shares of Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after buying an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Netflix during the 4th quarter worth about $43,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 6.1 %

Shares of NFLX traded up $59.95 during midday trading on Tuesday, hitting $1,047.86. The stock had a trading volume of 5,020,985 shares, compared to its average volume of 3,703,495. The company has a 50 day simple moving average of $954.08 and a two-hundred day simple moving average of $896.26. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.52. The firm has a market cap of $448.23 billion, a price-to-earnings ratio of 52.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the business earned $8.28 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the topic of a number of research reports. Pivotal Research restated a "buy" rating and set a $1,350.00 target price (up from $1,250.00) on shares of Netflix in a research report on Thursday. Wells Fargo & Company raised their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a report on Monday. Arete Research raised shares of Netflix to a "hold" rating in a report on Thursday, January 23rd. Moffett Nathanson reiterated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday. Finally, Barclays raised their price target on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research note on Monday. Nine investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,070.65.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares of the company's stock, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock worth $267,919,297 over the last three months. Company insiders own 1.76% of the company's stock.

About Netflix

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.