Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 83,988 shares of the Internet television network's stock after purchasing an additional 2,975 shares during the quarter. Netflix accounts for 1.8% of GF Fund Management CO. LTD.'s portfolio, making the stock its 11th largest position. GF Fund Management CO. LTD.'s holdings in Netflix were worth $78,321,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Janus Henderson Group PLC raised its position in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network's stock worth $1,227,468,000 after buying an additional 110,432 shares during the last quarter. PharVision Advisers LLC acquired a new stake in shares of Netflix in the fourth quarter worth $873,000. New England Research & Management Inc. raised its holdings in shares of Netflix by 148.5% during the first quarter. New England Research & Management Inc. now owns 2,122 shares of the Internet television network's stock worth $1,979,000 after purchasing an additional 1,268 shares during the last quarter. First National Trust Co lifted its position in Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after purchasing an additional 12 shares during the period. Finally, Haven Private LLC purchased a new stake in Netflix in the fourth quarter valued at $733,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX stock traded up $10.38 during midday trading on Friday, reaching $1,295.24. The stock had a trading volume of 2,006,224 shares, compared to its average volume of 3,761,661. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58. The company's fifty day simple moving average is $1,204.00 and its 200 day simple moving average is $1,034.00. The company has a market cap of $551.21 billion, a price-to-earnings ratio of 61.21, a price-to-earnings-growth ratio of 2.35 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate 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 firm posted $8.28 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director owned 7,969 shares of the company's stock, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the transaction, the director owned 394 shares in the company, valued at approximately $446,421.70. This represents a 98.56% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,723 shares of company stock valued at $223,307,201. Company insiders own 1.37% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Citigroup reissued a "neutral" rating and issued a $1,250.00 price target (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. KeyCorp upped their price objective on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Jefferies Financial Group raised their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the stock a "buy" rating in a research note on Tuesday, June 3rd. Finally, Benchmark reiterated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Eleven 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 stock. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,182.58.

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.