Temasek Holdings Private Ltd Has $20.31 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Temasek Holdings Private Ltd trimmed its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 50.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,782 shares of the Internet television network's stock after selling 23,310 shares during the quarter. Temasek Holdings Private Ltd's holdings in Netflix were worth $20,306,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Pathway Financial Advisers LLC increased its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares during the last quarter. Transce3nd LLC purchased a new position in Netflix in the fourth quarter valued at about $32,000. Newton One Investments LLC purchased a new position in Netflix in the fourth quarter valued at about $34,000. Pineridge Advisors LLC increased its position in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. raised its stake in shares of Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after purchasing an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NFLX has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Evercore ISI lifted their target price on shares of Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Needham & Company LLC restated a "buy" rating and set a $1,126.00 price target on shares of Netflix in a research note on Thursday, April 17th. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and raised their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Finally, Canaccord Genuity Group lifted 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. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $1,093.39.

Netflix Price Performance

NASDAQ:NFLX opened at $1,191.53 on Friday. 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, Inc. has a one year low of $587.04 and a one year high of $1,196.50. The company has a fifty day moving average price of $1,009.34 and a 200 day moving average price of $946.93. The stock has a market cap of $507.08 billion, a P/E ratio of 60.09, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS 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 business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 earnings per share. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total value of $4,405,974.94. Following the sale, the director now owns 7,969 shares of the company's stock, valued at $8,959,227.94. The trade was a 32.97% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,360 shares of the firm's stock in a transaction dated 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 transaction, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,868 shares of company stock valued at $138,483,256 in the last quarter. Corporate insiders own 1.76% of the company's stock.

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.

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