Generate Investment Management Ltd Has $27.21 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Generate Investment Management Ltd grew its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,176 shares of the Internet television network's stock after buying an additional 5,456 shares during the quarter. Netflix accounts for approximately 1.9% of Generate Investment Management Ltd's investment portfolio, making the stock its 11th biggest holding. Generate Investment Management Ltd's holdings in Netflix were worth $27,207,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Halbert Hargrove Global Advisors LLC lifted 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 worth $25,000 after acquiring an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the 4th quarter worth about $27,000. Transce3nd LLC bought a new position in Netflix during the fourth quarter valued at about $32,000. Copia Wealth Management purchased a new stake in Netflix during the fourth quarter worth about $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 2,027 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the sale, the chief executive officer now directly owns 12,781 shares of the company's stock, valued at approximately $14,589,639.31. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 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 Stock Performance

Shares of NASDAQ:NFLX traded up $31.42 during trading on Thursday, reaching $1,306.67. The company had a trading volume of 2,601,963 shares, compared to its average volume of 3,739,282. The firm has a market capitalization of $556.08 billion, a price-to-earnings ratio of 61.75, a price-to-earnings-growth 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 fifty-two week low of $587.04 and a fifty-two week high of $1,307.49. The stock's fifty day moving average price is $1,169.57 and its 200 day moving average price is $1,018.04.

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, 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 net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the firm earned $8.28 EPS. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Macquarie raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Monday, April 21st. Piper Sandler set a $1,150.00 price target on Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. Oppenheimer lifted their price objective 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 upped their price objective 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, Wells Fargo & Company boosted their price target on shares of Netflix from $1,222.00 to $1,500.00 and gave the company an "overweight" rating in a research report on Friday, June 20th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,172.73.

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.