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

GF Fund Management CO. LTD. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 81,013 shares of the Internet television network's stock, valued at approximately $72,209,000. Netflix accounts for 1.6% of GF Fund Management CO. LTD.'s holdings, making the stock its 12th largest position.

Several other large investors also recently modified their holdings of the business. Parr Mcknight Wealth Management Group LLC bought a new stake in Netflix in the 4th quarter valued at $2,460,000. Wick Capital Partners LLC boosted its holdings in Netflix by 17.8% during the fourth quarter. Wick Capital Partners LLC now owns 364 shares of the Internet television network's stock worth $324,000 after purchasing an additional 55 shares during the last quarter. Vega Investment Solutions acquired a new stake in Netflix in the 4th quarter valued at $217,000. Helium Advisors LLC acquired a new position in shares of Netflix during the 4th quarter worth about $248,000. Finally, BIP Alliance LLC bought a new position in shares of Netflix in the 4th quarter valued at about $360,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

NFLX stock traded up $25.07 during midday trading on Tuesday, reaching $1,210.46. 2,065,189 shares of the stock were exchanged, compared to its average volume of 3,753,835. The stock has a market capitalization of $515.14 billion, a PE ratio of 61.04, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,211.24. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a fifty day moving average price of $1,040.74 and a 200 day moving average price of $965.67.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period last year, the firm posted $8.28 earnings per share. As a group, analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NFLX shares. Wedbush reissued an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a report on Monday, May 5th. Guggenheim reissued a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Benchmark reaffirmed a "hold" rating on shares of Netflix in a report on Monday, April 21st. Wolfe Research set a $1,340.00 price target on Netflix and gave the stock an "outperform" rating in a report on Friday, May 16th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Eleven research 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 company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,102.79.

Insiders Place Their Bets

In related news, insider Cletus R. Willems sold 298 shares of the firm's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at $35,972,180. This trade represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the transaction, the director now directly owns 7,969 shares in the company, valued at $8,959,227.94. The trade was a 32.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock valued at $138,483,256 in the last ninety days. 1.37% of the stock is currently owned by insiders.

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.