International Assets Investment Management LLC increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,088 shares of the Internet television network's stock after buying an additional 316 shares during the period. International Assets Investment Management LLC's holdings in Netflix were worth $7,542,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after acquiring an additional 171,712 shares during the period. FMR LLC lifted its stake in shares of 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 buying an additional 375,234 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Netflix by 1.9% in 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 purchasing an additional 175,596 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Netflix by 109,524.3% in the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after acquiring an additional 8,827,662 shares during the last quarter. Finally, Norges Bank acquired a new position in Netflix in the 4th quarter valued at about $5,019,087,000. Institutional investors own 80.93% of the company's stock.
Wall Street Analyst Weigh In
NFLX has been the subject of a number of recent analyst reports. Jefferies Financial Group lifted their price target on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research report on Tuesday, June 3rd. UBS Group upped their target price on shares of Netflix from $1,150.00 to $1,450.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Needham & Company LLC reiterated a "buy" rating and issued a $1,126.00 price objective on shares of Netflix in a report on Thursday, April 17th. Loop Capital reissued a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Finally, FBN Securities started coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. 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's stock. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus target price of $1,172.73.
Check Out Our Latest Research Report on NFLX
Netflix Price Performance
NASDAQ:NFLX opened at $1,323.12 on Friday. The stock has a market capitalization of $563.08 billion, a PE ratio of 62.53, a P/E/G ratio of 2.53 and a beta of 1.59. 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 firm has a fifty day simple moving average of $1,183.25 and a 200 day simple moving average of $1,023.58. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,331.35.
Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 23.07% and a return on equity of 39.61%. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the firm earned $8.28 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.
Insiders Place Their Bets
In related news, Director Jay C. Hoag sold 31,750 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the completion of the sale, the director now directly owns 63,040 shares in the company, valued at $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 185,280 shares of company stock worth $210,599,866 over the last ninety days. Corporate insiders own 1.37% of the company's stock.
Netflix Profile
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Free Report)
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.
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