Global X Japan Co. Ltd. Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Global X Japan Co. Ltd. boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 11.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,602 shares of the Internet television network's stock after buying an additional 1,210 shares during the period. Netflix accounts for approximately 1.2% of Global X Japan Co. Ltd.'s portfolio, making the stock its 22nd biggest holding. Global X Japan Co. Ltd.'s holdings in Netflix were worth $10,819,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Capital & Planning LLC acquired a new stake in shares of Netflix during the fourth quarter worth about $809,000. Brighton Jones LLC raised its stake in Netflix by 5.0% during the 4th quarter. Brighton Jones LLC now owns 5,390 shares of the Internet television network's stock valued at $4,804,000 after acquiring an additional 257 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Netflix during the 4th quarter worth approximately $12,212,000. Revolve Wealth Partners LLC grew its stake in shares of Netflix by 16.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,023 shares of the Internet television network's stock valued at $912,000 after purchasing an additional 144 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of Netflix by 29.9% in the fourth quarter. Strategic Financial Concepts LLC now owns 439 shares of the Internet television network's stock valued at $392,000 after purchasing an additional 101 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction 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 in the company, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold 185,140 shares of company stock valued at $210,271,552 in the last ninety days. Insiders own 1.37% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on NFLX. Oppenheimer increased their price target on Netflix from $1,200.00 to $1,425.00 and gave the stock an "outperform" rating in a report on Thursday, June 12th. KeyCorp raised 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. BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. Finally, Cfra Research raised Netflix to a "strong-buy" rating in a report on Monday, April 28th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,156.73.

Netflix Price Performance

Shares of Netflix stock traded up $1.62 during trading on Thursday, hitting $1,222.29. 2,277,207 shares of the company were exchanged, compared to its average volume of 3,745,034. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81. 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 moving average price of $1,138.51 and a 200 day moving average price of $1,006.33. The stock has a market capitalization of $520.17 billion, a price-to-earnings ratio of 57.76, a P/E/G ratio of 2.36 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations 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 previous year, the firm posted $8.28 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix 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.