IFM Investors Pty Ltd Purchases 7,550 Shares of Netflix, Inc. (NASDAQ:NFLX)

IFM Investors Pty Ltd raised its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.4% in the first quarter, according to its most recent filing with the SEC. The firm owned 87,563 shares of the Internet television network's stock after purchasing an additional 7,550 shares during the quarter. Netflix makes up approximately 0.8% of IFM Investors Pty Ltd's investment portfolio, making the stock its 19th largest holding. IFM Investors Pty Ltd's holdings in Netflix were worth $81,655,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in NFLX. GF Fund Management CO. LTD. boosted its stake in shares of Netflix by 3.7% in the 1st quarter. GF Fund Management CO. LTD. now owns 83,988 shares of the Internet television network's stock valued at $78,321,000 after purchasing an additional 2,975 shares during the last quarter. Hartline Investment Corp lifted its holdings in Netflix by 26.7% in the first quarter. Hartline Investment Corp now owns 959 shares of the Internet television network's stock valued at $894,000 after buying an additional 202 shares during the period. Avantax Planning Partners Inc. lifted its holdings in Netflix by 14.8% in the first quarter. Avantax Planning Partners Inc. now owns 1,513 shares of the Internet television network's stock valued at $1,411,000 after buying an additional 195 shares during the period. Aviance Capital Partners LLC boosted its position in Netflix by 528.9% during the first quarter. Aviance Capital Partners LLC now owns 1,566 shares of the Internet television network's stock valued at $1,461,000 after acquiring an additional 1,317 shares during the last quarter. Finally, Conning Inc. grew its holdings in Netflix by 1.7% during the 1st quarter. Conning Inc. now owns 2,731 shares of the Internet television network's stock worth $2,547,000 after acquiring an additional 45 shares during the period. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on NFLX shares. FBN Securities assumed coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. Macquarie lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Pivotal Research boosted their price target on Netflix from $1,350.00 to $1,600.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Barclays raised their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Monday, April 21st. Finally, Moffett Nathanson reiterated a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,182.58.

Insider Activity

In related news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction dated 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 in the company, valued at $8,959,227.94. The trade was a 32.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at $4,179,614.58. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by insiders.

Netflix Trading Up 0.8%

NFLX stock traded up $10.38 during midday trading on Friday, hitting $1,295.24. The company had a trading volume of 2,006,224 shares, compared to its average volume of 3,761,661. The stock has a market cap of $551.21 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 2.35 and a beta of 1.59. 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 stock's 50 day moving average price is $1,204.00 and its 200 day moving average price is $1,034.00.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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. The company had revenue of $10.54 billion during 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 prior year, the business posted $8.28 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.