Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. Purchases New Position in Netflix, Inc. (NASDAQ:NFLX)

Nationale Nederlanden Powszechne Towarzystwo Emerytalne S.A. bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,818 shares of the Internet television network's stock, valued at approximately $3,560,000.

Several other hedge funds and other institutional investors also recently modified their holdings of NFLX. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new stake in shares of Netflix during the 4th quarter worth $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the 4th quarter worth $32,000. Copia Wealth Management purchased a new position in shares of Netflix in the 4th quarter valued at about $37,000. Finally, Barnes Dennig Private Wealth Management LLC purchased a new position in shares of Netflix in the 1st quarter valued at about $42,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Reed Hastings sold 9,673 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total transaction of $12,856,481.03. Following the completion of the transaction, the director owned 394 shares of the company's stock, valued at $523,669.34. The trade was a 96.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 620 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total value of $797,840.80. The disclosure for this sale can be found here. Insiders have sold a total of 186,563 shares of company stock worth $223,147,201 in the last quarter. Corporate insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on NFLX shares. UBS Group reaffirmed a "market underperform" rating on shares of Netflix in a report on Saturday. Loop Capital restated a "hold" rating on shares of Netflix in a research report on Tuesday, July 15th. Seaport Res Ptn cut Netflix from a "strong-buy" rating to a "hold" rating in a report on Sunday, July 6th. Cfra Research raised Netflix to a "strong-buy" rating in a research report on Monday, April 28th. Finally, Macquarie upped their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,297.66.

Netflix Price Performance

NASDAQ:NFLX traded down $43.19 during midday trading on Tuesday, hitting $1,190.08. 5,033,206 shares of the stock were exchanged, compared to its average volume of 3,769,698. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The company has a market capitalization of $505.70 billion, a price-to-earnings ratio of 50.71, a P/E/G ratio of 2.08 and a beta of 1.59. The business has a 50-day moving average price of $1,232.59 and a two-hundred day moving average price of $1,063.17. The company has a current ratio of 1.34, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

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

Netflix Company 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.