Sarasin & Partners LLP Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Sarasin & Partners LLP purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 18,459 shares of the Internet television network's stock, valued at approximately $17,214,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Moseley Investment Management Inc. raised its stake in Netflix by 1.7% during the first quarter. Moseley Investment Management Inc. now owns 2,692 shares of the Internet television network's stock worth $2,510,000 after acquiring an additional 44 shares in the last quarter. Handelsbanken Fonder AB grew its holdings in shares of Netflix by 55.7% in the 1st quarter. Handelsbanken Fonder AB now owns 308,107 shares of the Internet television network's stock worth $287,319,000 after purchasing an additional 110,162 shares during the last quarter. Petredis Investment Advisors LLC lifted its holdings in Netflix by 0.8% during the 1st quarter. Petredis Investment Advisors LLC now owns 7,996 shares of the Internet television network's stock valued at $7,457,000 after purchasing an additional 61 shares during the last quarter. Sanibel Captiva Trust Company Inc. boosted its position in Netflix by 23.1% in the first quarter. Sanibel Captiva Trust Company Inc. now owns 2,526 shares of the Internet television network's stock valued at $2,356,000 after buying an additional 474 shares in the last quarter. Finally, Curated Wealth Partners LLC grew its stake in Netflix by 52.1% during the first quarter. Curated Wealth Partners LLC now owns 505 shares of the Internet television network's stock worth $471,000 after buying an additional 173 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag sold 31,750 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the transaction, the director now owns 63,040 shares of the company's stock, valued at approximately $78,948,144. The trade was a 33.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,140 shares of company stock worth $210,271,552 in the last quarter. Company insiders own 1.37% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on NFLX shares. Wells Fargo & Company increased their target price on Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Rosenblatt Securities lifted their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Canaccord Genuity Group increased their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Finally, Morgan Stanley increased their price target on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,149.91.

Netflix Stock Performance

NFLX stock traded up $23.70 during midday trading on Wednesday, reaching $1,227.32. The stock had a trading volume of 1,132,745 shares, compared to its average volume of 3,751,451. The firm has a fifty day simple moving average of $1,099.31 and a two-hundred day simple moving average of $992.93. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,262.81. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a market cap of $522.31 billion, a PE ratio of 61.87, a P/E/G ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data 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 return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the business posted $8.28 EPS. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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.