BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $73.25 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,180 shares of the Internet television network's stock after buying an additional 10,282 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp's holdings in Netflix were worth $73,249,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. West Michigan Advisors LLC grew its position in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. boosted its stake in shares of Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after purchasing an additional 10 shares in the last quarter. MRP Capital Investments LLC grew its holdings in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC increased its position in shares of Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after purchasing an additional 10 shares in the last quarter. Finally, Mission Creek Capital Partners Inc. increased its position in shares of Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after purchasing an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the sale, the insider now owns 31,610 shares in the company, valued at $35,972,180. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock valued at $138,483,256 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Down 0.2%

NFLX stock traded down $2.58 during trading hours on Friday, reaching $1,185.39. 2,183,293 shares of the stock were exchanged, compared to its average volume of 3,757,359. The firm's 50-day moving average is $1,036.22 and its 200-day moving average is $961.79. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,211.22. The company has a market cap of $504.47 billion, a price-to-earnings ratio of 59.78, a PEG ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the firm earned $8.28 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NFLX. Citigroup reaffirmed a "neutral" rating on shares of Netflix in a research note on Monday, May 5th. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research report on Monday, April 21st. Morgan Stanley lifted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Benchmark restated a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,102.79.

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.