Netflix, Inc. (NASDAQ:NFLX) is KBC Group NV's 10th Largest Position

KBC Group NV increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 19.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 477,251 shares of the Internet television network's stock after purchasing an additional 78,065 shares during the period. Netflix accounts for 1.4% of KBC Group NV's investment portfolio, making the stock its 10th biggest position. KBC Group NV owned about 0.11% of Netflix worth $445,050,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Root Financial Partners LLC boosted its holdings in Netflix by 10.2% in the first quarter. Root Financial Partners LLC now owns 1,970 shares of the Internet television network's stock valued at $1,837,000 after acquiring an additional 183 shares during the last quarter. Goodman Advisory Group LLC acquired a new position in Netflix in the first quarter valued at $485,000. Sovran Advisors LLC boosted its holdings in Netflix by 48.5% in the first quarter. Sovran Advisors LLC now owns 2,215 shares of the Internet television network's stock valued at $2,155,000 after acquiring an additional 723 shares during the last quarter. Joel Isaacson & Co. LLC lifted its stake in shares of Netflix by 19.5% during the first quarter. Joel Isaacson & Co. LLC now owns 6,013 shares of the Internet television network's stock worth $5,607,000 after purchasing an additional 981 shares in the last quarter. Finally, TBH Global Asset Management LLC lifted its stake in shares of Netflix by 535.0% during the first quarter. TBH Global Asset Management LLC now owns 3,213 shares of the Internet television network's stock worth $2,996,000 after purchasing an additional 2,707 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 620 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $1,286.84, for a total transaction of $797,840.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,402,068.52. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,280 shares of company stock valued at $210,599,866. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on NFLX shares. JPMorgan Chase & Co. restated a "neutral" rating and set a $1,220.00 price objective (up previously from $1,150.00) on shares of Netflix in a research note on Monday, May 19th. KeyCorp boosted their price objective on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Guggenheim restated a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Pivotal Research boosted their price objective on Netflix from $1,350.00 to $1,600.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Finally, Piper Sandler set a $1,150.00 price objective on Netflix and gave the stock an "overweight" rating in a research note on Monday, April 21st. Eleven equities 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. Based on data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,172.73.

Netflix Stock Up 1.3%

Shares of Netflix stock opened at $1,323.12 on Friday. 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 market cap of $563.08 billion, a P/E ratio of 62.53, a P/E/G ratio of 2.56 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,331.35. The business has a 50-day moving average price of $1,183.25 and a 200 day moving average price of $1,024.18.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate 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 return on equity of 39.61% and a net margin of 23.07%. During the same period in the prior year, the company earned $8.28 earnings per share. On average, sell-side 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.

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