Robeco Institutional Asset Management B.V. Purchases 23,812 Shares of Netflix, Inc. (NASDAQ:NFLX)

Robeco Institutional Asset Management B.V. grew its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 644,437 shares of the Internet television network's stock after buying an additional 23,812 shares during the period. Netflix makes up 1.2% of Robeco Institutional Asset Management B.V.'s portfolio, making the stock its 10th largest position. Robeco Institutional Asset Management B.V. owned approximately 0.15% of Netflix worth $600,957,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Halbert Hargrove Global Advisors LLC boosted its stake 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 worth $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd acquired a new position in Netflix in the 4th quarter worth $27,000. Transce3nd LLC acquired a new position in Netflix in the 4th quarter worth $32,000. Copia Wealth Management acquired a new position in Netflix in the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. boosted its stake in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $16.45 on Friday, reaching $1,323.12. 4,066,251 shares of the company's stock were exchanged, compared to its average volume of 3,745,947. The company has a fifty day moving average of $1,176.24 and a 200-day moving average of $1,020.75. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,330.72. The company has a market capitalization of $563.08 billion, a price-to-earnings ratio of 62.53, a PEG 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.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 analyst estimates of $10.51 billion. During the same quarter in the prior year, the business posted $8.28 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NFLX. Rosenblatt Securities upped their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a research note on Monday, April 21st. 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. KeyCorp upped their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Benchmark reissued a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Finally, Needham & Company LLC reissued a "buy" rating and set a $1,126.00 price target on shares of Netflix in a research report on Thursday, April 17th. Eleven 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 data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,172.73.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,402,068.52. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now owns 394 shares in the company, valued at $362,933.10. This represents a 98.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,280 shares of company stock worth $210,599,866 in the last quarter. Corporate 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.