Achmea Investment Management B.V. Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Achmea Investment Management B.V. increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,345 shares of the Internet television network's stock after buying an additional 9,662 shares during the quarter. Netflix accounts for approximately 0.8% of Achmea Investment Management B.V.'s holdings, making the stock its 22nd biggest holding. Achmea Investment Management B.V.'s holdings in Netflix were worth $55,341,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Quilter Plc boosted its holdings in shares of Netflix by 2.0% during the first quarter. Quilter Plc now owns 146,611 shares of the Internet television network's stock worth $136,719,000 after purchasing an additional 2,854 shares during the period. Paragon Capital Management Inc. purchased a new stake in Netflix in the 1st quarter worth approximately $1,181,000. Jaffetilchin Investment Partners LLC raised its holdings in shares of Netflix by 2.7% during the first quarter. Jaffetilchin Investment Partners LLC now owns 1,926 shares of the Internet television network's stock valued at $1,796,000 after acquiring an additional 51 shares in the last quarter. Border to Coast Pensions Partnership Ltd boosted its holdings in Netflix by 17.4% in the first quarter. Border to Coast Pensions Partnership Ltd now owns 65,399 shares of the Internet television network's stock valued at $60,987,000 after acquiring an additional 9,687 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new stake in Netflix in the first quarter valued at $4,576,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of analyst reports. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $1,220.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. Oppenheimer boosted their price target on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. Barclays boosted their target price on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Monday, April 21st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Wolfe Research set a $1,340.00 price target on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,172.73.

Insider Activity

In other news, Chairman Reed Hastings sold 25,360 shares of the firm's 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 completion of the transaction, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. This trade represents a 98.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated 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 transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,280 shares of company stock valued at $210,599,866 over the last three months. 1.37% of the stock is owned by insiders.

Netflix Price Performance

Shares of NFLX opened at $1,306.67 on Friday. The firm has a market cap of $556.08 billion, a PE ratio of 61.75, a PEG ratio of 2.47 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,314.95. The firm's 50 day moving average price is $1,176.24 and its 200 day moving average price is $1,020.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the previous year, the firm posted $8.28 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.

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