AEGON ASSET MANAGEMENT UK Plc Purchases Shares of 19,780 Netflix, Inc. (NASDAQ:NFLX)

AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 19,780 shares of the Internet television network's stock, valued at approximately $18,441,000.

Several other large investors have also recently made changes to their positions in the business. Pathway Financial Advisers LLC boosted its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the period. Brown Shipley& Co Ltd purchased a new stake in Netflix during the 4th quarter valued at about $27,000. Transce3nd LLC bought a new position in Netflix during the 4th quarter worth approximately $32,000. Newton One Investments LLC purchased a new position in Netflix in the 4th quarter worth approximately $34,000. Finally, Pineridge Advisors LLC increased its stake in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX traded up $10.86 during trading hours on Thursday, hitting $1,250.52. The company's stock had a trading volume of 2,811,744 shares, compared to its average volume of 3,745,399. The stock has a market cap of $532.19 billion, a price-to-earnings ratio of 63.06, a P/E/G ratio of 2.12 and a beta of 1.58. The business's 50-day moving average price is $1,075.18 and its 200-day moving average price is $982.47. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.59.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the previous year, the firm posted $8.28 earnings per share. Sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Bank of America boosted their target price on Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a research note on Friday, May 30th. Guggenheim restated a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Barclays lifted their price target on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Monday, April 21st. Finally, FBN Securities started coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. 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 company. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,149.91.

Insider Transactions at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at $4,472,273.97. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This represents a 98.47% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,300 shares of company stock valued at $169,146,939. 1.37% of the stock is currently owned by corporate insiders.

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.