China Universal Asset Management Co. Ltd. Purchases 3,169 Shares of Netflix, Inc. (NASDAQ:NFLX)

China Universal Asset Management Co. Ltd. raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 21,046 shares of the Internet television network's stock after acquiring an additional 3,169 shares during the period. Netflix accounts for about 1.8% of China Universal Asset Management Co. Ltd.'s holdings, making the stock its 10th biggest position. China Universal Asset Management Co. Ltd.'s holdings in Netflix were worth $19,626,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Halbert Hargrove Global Advisors LLC grew its holdings in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network's stock valued at $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix during the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new position in Netflix during the fourth quarter worth approximately $32,000. Copia Wealth Management acquired a new position in shares of Netflix in the 4th quarter valued at $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new position in shares of Netflix in the 1st quarter valued at $42,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX traded down $7.56 during trading hours on Monday, reaching $1,289.62. 2,271,110 shares of the stock were exchanged, compared to its average volume of 3,760,113. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The firm has a 50 day simple moving average of $1,207.87 and a 200-day simple moving average of $1,038.56. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15. The stock has a market capitalization of $548.82 billion, a P/E ratio of 60.95, a P/E/G ratio of 2.35 and a beta of 1.59.

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 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 during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the firm earned $8.28 earnings per share. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of a number of research analyst reports. Bank of America lifted their price target on shares of Netflix from $1,175.00 to $1,490.00 and gave the company a "buy" rating in a report on Friday, May 30th. Moffett Nathanson restated a "buy" rating and issued a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Morgan Stanley increased their target price 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. KeyCorp raised their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Finally, Wells Fargo & Company boosted their price objective on shares of Netflix from $1,222.00 to $1,500.00 and gave the stock an "overweight" rating in a research note on Friday, June 20th. 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,182.58.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,179,614.58. This represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 26,977 shares of the stock in a transaction that occurred 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 sale, the director owned 394 shares in the company, valued at $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 186,723 shares of company stock worth $223,307,201. Insiders own 1.37% of the company's stock.

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.