Border to Coast Pensions Partnership Ltd Purchases 9,687 Shares of Netflix, Inc. (NASDAQ:NFLX)

Border to Coast Pensions Partnership Ltd raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 65,399 shares of the Internet television network's stock after purchasing an additional 9,687 shares during the quarter. Netflix accounts for approximately 1.2% of Border to Coast Pensions Partnership Ltd's holdings, making the stock its 23rd biggest position. Border to Coast Pensions Partnership Ltd's holdings in Netflix were worth $60,987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in 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 valued at $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new position in shares of Netflix during the 4th quarter valued at $27,000. Transce3nd LLC purchased a new position in shares of Netflix during the 4th quarter valued at $32,000. Copia Wealth Management bought a new position in Netflix in the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. increased its stake 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 worth $41,000 after buying an additional 45 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

NFLX has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Piper Sandler set a $1,150.00 price target on Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and set a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Macquarie lifted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Monday, April 21st. Finally, Evercore ISI restated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,172.73.

Netflix Trading Up 2.5%

Shares of NFLX opened at $1,306.67 on Friday. The firm 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 company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,314.94. The company has a 50-day moving average of $1,176.24 and a 200 day moving average of $1,020.75.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, April 17th. The Internet television network reported $6.61 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 period last year, the company posted $8.28 earnings per share. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the transaction, the chief financial officer now owns 3,691 shares of the company's stock, 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 filing with the SEC, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction on 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. In the last 90 days, insiders have sold 185,280 shares of company stock valued at $210,599,866. 1.37% of the stock is currently owned by corporate insiders.

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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