Wesleyan Assurance Society Buys New Stake in Netflix, Inc. (NASDAQ:NFLX)

Wesleyan Assurance Society acquired a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,000 shares of the Internet television network's stock, valued at approximately $933,000.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after buying an additional 8,827,662 shares during the last quarter. Norges Bank purchased a new stake in shares of Netflix in the fourth quarter valued at about $5,019,087,000. Arrowstreet Capital Limited Partnership increased its holdings in Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after buying an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after buying an additional 743,724 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Netflix by 14.3% during the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after buying an additional 570,674 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Reed Hastings sold 16,840 shares of the company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1,295.78, for a total transaction of $21,820,935.20. Following the completion of the sale, the director owned 10,067 shares of the company's stock, valued at $13,044,617.26. This represents a 62.59% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 186,563 shares of company stock worth $223,147,201. Company insiders own 1.37% of the company's stock.

Netflix Stock Up 0.3%

Netflix stock traded up $3.98 during mid-day trading on Thursday, reaching $1,180.76. The stock had a trading volume of 3,250,117 shares, compared to its average volume of 4,310,645. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.34 and a quick ratio of 1.20. The company has a market capitalization of $501.74 billion, a price-to-earnings ratio of 50.31, a PEG ratio of 2.00 and a beta of 1.59. The company has a 50-day moving average price of $1,236.60 and a two-hundred day moving average price of $1,067.26. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.07 by $0.12. The business had revenue of $11.08 billion for the quarter, compared to analysts' expectations of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.88 EPS. On average, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. Canaccord Genuity Group restated a "buy" rating on shares of Netflix in a research report on Thursday, July 10th. Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Barclays restated a "sell" rating and issued a $1,100.00 price objective (up from $1,000.00) on shares of Netflix in a research report on Wednesday, July 9th. Jefferies Financial Group set a $1,500.00 price objective on shares of Netflix and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, Benchmark restated a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Netflix has an average rating of "Moderate Buy" and an average target price of $1,297.66.

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.