4,907 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Artemis Investment Management LLP

Artemis Investment Management LLP bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent filing with the SEC. The firm bought 4,907 shares of the Internet television network's stock, valued at approximately $4,576,000.

Other large investors also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC raised its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the last quarter. Brown Shipley& Co Ltd purchased a new stake in Netflix in the 4th quarter valued at $27,000. Transce3nd LLC purchased a new stake in Netflix in the 4th quarter valued at $32,000. Copia Wealth Management purchased a new stake in Netflix in the 4th quarter valued at $37,000. Finally, Stuart Chaussee & Associates Inc. raised its position in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after buying an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on NFLX. Moffett Nathanson reissued a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Pivotal Research raised their target price on Netflix from $1,350.00 to $1,600.00 and gave the company a "buy" rating in a research report on Friday, June 20th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Piper Sandler set a $1,150.00 target price on Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, KeyCorp raised their target price on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,172.73.

Netflix Price Performance

NFLX stock opened at $1,323.12 on Friday. The firm has a 50 day moving average of $1,183.25 and a 200-day moving average of $1,023.58. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,331.35. The firm has a market capitalization of $563.08 billion, a P/E ratio of 62.53, a price-to-earnings-growth ratio of 2.53 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the business earned $8.28 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. The trade was a 41.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now owns 394 shares of the company's stock, valued at approximately $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 185,280 shares of company stock worth $210,599,866 over the last three months. 1.37% of the stock is owned by insiders.

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.

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