Board of the Pension Protection Fund Has $653,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Board of the Pension Protection Fund increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 600.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 700 shares of the Internet television network's stock after acquiring an additional 600 shares during the quarter. Board of the Pension Protection Fund's holdings in Netflix were worth $653,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its stake in shares of Netflix by 100.0% in the first 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 period. Brown Shipley& Co Ltd acquired a new position in Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC bought a new position in Netflix in the fourth quarter worth $32,000. Copia Wealth Management bought a new position in shares of Netflix during the 4th quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its stake in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Cletus R. Willems sold 298 shares of the stock in a transaction dated Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at $35,972,180. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 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. This represents a 98.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 185,280 shares of company stock worth $210,599,866. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on NFLX shares. 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. Rosenblatt Securities upped their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. UBS Group lifted their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Finally, Barclays lifted their target price on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,172.73.

Netflix Stock Performance

Shares of NFLX opened at $1,306.67 on Friday. The stock has a market capitalization of $556.08 billion, a price-to-earnings ratio of 61.75, a PEG ratio of 2.47 and a beta of 1.59. The firm has a fifty day simple moving average of $1,176.24 and a 200 day simple moving average of $1,020.75. 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 $1,310.25.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 39.61% and a net margin of 23.07%. During the same quarter in the prior year, the company posted $8.28 earnings per share. Research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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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