Netflix, Inc. (NASDAQ:NFLX) Stake Boosted by Fullerton Fund Management Co Ltd.

Fullerton Fund Management Co Ltd. boosted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 244,101 shares of the Internet television network's stock after acquiring an additional 16,557 shares during the quarter. Netflix accounts for 7.6% of Fullerton Fund Management Co Ltd.'s portfolio, making the stock its largest position. Fullerton Fund Management Co Ltd. owned approximately 0.06% of Netflix worth $217,572,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Watts Gwilliam & Co. LLC increased its stake in shares of Netflix by 10.1% during the 4th quarter. Watts Gwilliam & Co. LLC now owns 5,120 shares of the Internet television network's stock worth $4,501,000 after purchasing an additional 471 shares during the last quarter. Baker Tilly Wealth Management LLC increased its stake in shares of Netflix by 5.0% during the 4th quarter. Baker Tilly Wealth Management LLC now owns 3,376 shares of the Internet television network's stock worth $3,009,000 after purchasing an additional 161 shares during the last quarter. Hilltop National Bank increased its stake in shares of Netflix by 2.6% during the 4th quarter. Hilltop National Bank now owns 3,609 shares of the Internet television network's stock worth $3,217,000 after purchasing an additional 92 shares during the last quarter. ORG Wealth Partners LLC increased its stake in shares of Netflix by 5.8% during the 4th quarter. ORG Wealth Partners LLC now owns 760 shares of the Internet television network's stock worth $677,000 after purchasing an additional 42 shares during the last quarter. Finally, Highline Wealth Partners LLC increased its stake in shares of Netflix by 2.5% during the 4th quarter. Highline Wealth Partners LLC now owns 710 shares of the Internet television network's stock worth $633,000 after purchasing an additional 17 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,027 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the sale, the chief executive officer now directly owns 12,781 shares in the company, valued at approximately $14,589,639.31. This represents a 13.69% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 127,591 shares of company stock valued at $132,515,581. 1.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on NFLX shares. JPMorgan Chase & Co. lifted their target price on shares of Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Robert W. Baird lifted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, Rosenblatt Securities lifted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,084.91.

Netflix Stock Performance

NFLX traded down $30.22 during midday trading on Monday, hitting $1,110.00. 6,471,976 shares of the company traded hands, compared to its average volume of 3,751,010. 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 firm has a market capitalization of $472.38 billion, a PE ratio of 55.98, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company's 50-day moving average is $984.97 and its 200 day moving average is $934.31. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,164.00.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the prior year, the firm earned $8.28 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current 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.