GF Fund Management CO. LTD. Takes $72.21 Million Position in Netflix, Inc. (NASDAQ:NFLX)

GF Fund Management CO. LTD. bought a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 81,013 shares of the Internet television network's stock, valued at approximately $72,209,000. Netflix makes up 1.6% of GF Fund Management CO. LTD.'s portfolio, making the stock its 12th biggest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC lifted its holdings in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after acquiring an additional 375,234 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after buying an additional 175,596 shares during the last quarter. Norges Bank acquired a new position in shares of Netflix during the fourth quarter valued at approximately $5,019,087,000. Finally, Alliancebernstein L.P. increased its stake in shares of Netflix by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock valued at $4,582,568,000 after acquiring an additional 82,564 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the company's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the transaction, the director now owns 7,969 shares in the company, valued at approximately $8,959,227.94. This represents a 32.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $339,124.00. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 132,708 shares of company stock worth $138,323,256. 1.37% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on NFLX shares. Evercore ISI reiterated an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. FBN Securities assumed coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. Citigroup reissued a "neutral" rating on shares of Netflix in a research report on Monday, May 5th. Guggenheim reiterated a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Morgan Stanley increased their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. 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's stock. According to MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,102.79.

Netflix Stock Performance

Shares of NFLX traded up $2.10 on Wednesday, reaching $1,213.67. The company's stock had a trading volume of 751,215 shares, compared to its average volume of 3,742,244. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,215.39. The stock has a market capitalization of $516.50 billion, a P/E ratio of 61.20, a PEG ratio of 2.12 and a beta of 1.58. The stock's 50 day simple moving average is $1,045.95 and its two-hundred day simple moving average is $967.38.

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 firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the business posted $8.28 earnings per share. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.