2,000 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the Internet television network's stock, valued at approximately $1,783,000.

Other institutional investors have also recently modified their holdings of the company. Pathway Financial Advisers LLC lifted its stake in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the fourth quarter worth approximately $27,000. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $32,000. Newton One Investments LLC acquired a new stake in Netflix during the 4th quarter worth about $34,000. Finally, Pineridge Advisors LLC lifted its stake in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 25,360 shares of the company's 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 completion of the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. This represents a 98.47% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,348 shares of company stock valued at $139,087,908. 1.37% of the stock is currently owned by company insiders.

Netflix Trading Down 0.2%

Shares of Netflix stock traded down $3.02 during trading on Wednesday, reaching $1,208.55. 1,835,778 shares of the stock were exchanged, compared to its average volume of 3,751,022. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,215.91. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock's fifty day moving average is $1,050.92 and its 200 day moving average is $969.04. The firm has a market cap of $514.32 billion, a price-to-earnings ratio of 60.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

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 for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. 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 previous year, the firm posted $8.28 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of several research analyst reports. KeyCorp lifted their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Oppenheimer reiterated an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. FBN Securities started coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target on the stock. Wolfe Research set a $1,340.00 target price on Netflix and gave the company an "outperform" rating in a research note on Friday, May 16th. Finally, Wall Street Zen lowered shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,102.79.

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.