153,343 Netflix, Inc. $NFLX Shares Purchased by AEGON ASSET MANAGEMENT UK Plc

Key Points

• AEGON Asset Management UK increased its Netflix stake by 25.9%, buying 153,343 shares in the third quarter and bringing its holdings to 744,983 shares, valued at about $51.8 million.
• Analysts maintain a Moderate Buy consensus, with an average price target of $89.14; 37 analysts rate the stock Buy or Strong Buy, while 17 recommend Hold and two recommend Sell.
• Netflix reported quarterly earnings of $0.87 per share, beating the $0.82 consensus estimate, while revenue rose 11.9% year over year to $12.87 billion.

AEGON ASSET MANAGEMENT UK Plc boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 744,983 shares of the Internet television network's stock after buying an additional 153,343 shares during the quarter. AEGON ASSET MANAGEMENT UK Plc's holdings in Netflix were worth $51,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Nykredit A S acquired a new stake in shares of Netflix during the 2nd quarter worth about $105,697,000. Rockland Trust Co. grew its holdings in shares of Netflix by 27.5% during the third quarter. Rockland Trust Co. now owns 219,221 shares of the Internet television network's stock worth $15,253,000 after buying an additional 47,339 shares in the last quarter. Boomfish Wealth Group LLC grew its holdings in shares of Netflix by 91.5% during the third quarter. Boomfish Wealth Group LLC now owns 34,547 shares of the Internet television network's stock worth $2,404,000 after buying an additional 16,510 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Netflix in the second quarter valued at approximately $37,743,000. Finally, Sarasin & Partners LLP raised its position in shares of Netflix by 10.5% in the second quarter. Sarasin & Partners LLP now owns 2,736,198 shares of the Internet television network's stock valued at $195,365,000 after buying an additional 259,794 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on NFLX. Jefferies Financial Group set a $85.00 price objective on shares of Netflix and gave the company a "buy" rating in a research note on Thursday, October 15th. TD Cowen reaffirmed a "buy" rating and issued a $100.00 target price on shares of Netflix in a research note on Wednesday, October 21st. Guggenheim cut their price target on Netflix from $80.00 to $78.00 and set a "buy" rating for the company in a report on Wednesday, October 21st. China Intl Cap upgraded Netflix to a "strong-buy" rating in a report on Tuesday, July 21st. Finally, KeyCorp reduced their price target on Netflix from $92.00 to $85.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 13th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $89.14.

Netflix Trading Up 0.9%

NFLX stock opened at $63.95 on Tuesday. The company has a market cap of $262.60 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 0.97 and a beta of 1.62. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $70.68 and a 200-day simple moving average of $80.86. Netflix, Inc. has a 52 week low of $61.39 and a 52 week high of $116.73.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, October 20th. The Internet television network reported $0.87 earnings per share for the quarter, beating analysts' consensus estimates of $0.82 by $0.05. The firm had revenue of $12.87 billion for the quarter, compared to analysts' expectations of $12.87 billion. Netflix had a return on equity of 42.69% and a net margin of 29.69%. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Spencer Neumann sold 9,253 shares of the firm's stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $66.15, for a total value of $612,085.95. Following the transaction, the chief financial officer owned 73,787 shares of the company's stock, valued at approximately $4,881,010.05. This trade represents a 11.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Theodore Sarandos sold 27,312 shares of Netflix stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $66.20, for a total transaction of $1,808,054.40. Following the transaction, the chief executive officer owned 178,954 shares in the company, valued at $11,846,754.80. The trade was a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 61,712 shares of company stock worth $4,051,144. 1.24% of the stock is owned by company insiders.

About Netflix

Netflix, Inc is an entertainment company that offers subscription-based streaming of television series, films, documentaries and other programming. Its service also includes mobile games and, in some markets, advertising-supported viewing plans. Netflix produces and licenses content, including titles made under its Netflix brand.

Founded in 1997 by Reed Hastings and Marc Randolph as a DVD-by-mail rental business, the company launched its streaming service in 2007 and later expanded into original programming.

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