Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 414,228 shares of the Internet television network's stock after purchasing an additional 15,857 shares during the period. Netflix accounts for 0.8% of Universal Beteiligungs und Servicegesellschaft mbH's holdings, making the stock its 17th biggest holding. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.10% of Netflix worth $386,280,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC grew its position in Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock valued at $8,239,576,000 after buying an additional 8,827,662 shares during the period. Norges Bank acquired a new position in shares of Netflix during the 4th quarter worth approximately $5,019,087,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after buying an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after buying an additional 743,724 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after buying an additional 570,674 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.
Netflix Stock Performance
Shares of NASDAQ:NFLX traded up $2.93 during trading hours on Friday, hitting $1,183.69. The stock had a trading volume of 1,461,914 shares, compared to its average volume of 4,295,738. The stock's fifty day simple moving average is $1,236.66 and its 200 day simple moving average is $1,069.32. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,341.15. The firm has a market capitalization of $502.99 billion, a price-to-earnings ratio of 50.43, a PEG ratio of 1.98 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.34.
Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. The company had revenue of $11.08 billion during the quarter, compared to analyst estimates of $11.04 billion. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the prior year, the business posted $4.88 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Reed Hastings sold 9,673 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at approximately $523,669.34. This represents a 96.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 620 shares of Netflix 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 disclosure for this sale can be found here. In the last quarter, insiders sold 185,923 shares of company stock worth $222,445,095. Company insiders own 1.37% of the company's stock.
Wall Street Analysts Forecast Growth
NFLX has been the topic of several recent analyst reports. FBN Securities initiated coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. Pivotal Research restated a "buy" rating on shares of Netflix in a report on Thursday, July 10th. Citigroup restated a "neutral" rating and issued a $1,250.00 price objective (up from $1,020.00) on shares of Netflix in a report on Thursday, May 29th. Phillip Securities cut shares of Netflix from a "hold" rating to a "strong sell" rating in a report on Monday. Finally, Rosenblatt Securities lifted their price objective on shares of Netflix from $1,514.00 to $1,515.00 and gave the company a "buy" rating in a report on Friday, July 18th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,297.66.
View Our Latest Analysis on NFLX
About Netflix
(
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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