Zurich Insurance Group Ltd FI Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Zurich Insurance Group Ltd FI increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 197,799 shares of the Internet television network's stock after buying an additional 19,396 shares during the period. Netflix comprises about 1.4% of Zurich Insurance Group Ltd FI's portfolio, making the stock its 11th biggest position. Zurich Insurance Group Ltd FI's holdings in Netflix were worth $176,302,000 at the end of the most recent reporting period.

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

Netflix Stock Performance

Shares of NFLX opened at $1,191.64 on Tuesday. The business's 50 day moving average is $1,014.78 and its two-hundred day moving average is $951.31. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,196.50. The firm has a market cap of $507.13 billion, a price-to-earnings ratio of 60.09, a PEG ratio of 2.12 and a beta of 1.58. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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 (EPS) 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 company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the company posted $8.28 EPS. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of a number of research reports. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an "outperform" rating in a research report on Friday. Guggenheim restated a "buy" rating and set a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Needham & Company LLC restated a "buy" rating and set a $1,126.00 target price on shares of Netflix in a research report on Thursday, April 17th. JPMorgan Chase & Co. restated a "neutral" rating and set a $1,220.00 target price (up from $1,150.00) on shares of Netflix in a research report on Monday. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,102.79.

Insider Buying and Selling at Netflix

In related news, 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 sale, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This represents a 98.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,624,746.55. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock valued at $138,483,256 in the last three months. Corporate insiders own 1.76% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.