Point72 Asia Singapore Pte. Ltd. Acquires 11,320 Shares of Netflix, Inc. (NASDAQ:NFLX)

Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 613.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,165 shares of the Internet television network's stock after buying an additional 11,320 shares during the quarter. Netflix accounts for about 3.1% of Point72 Asia Singapore Pte. Ltd.'s investment portfolio, making the stock its 3rd largest holding. Point72 Asia Singapore Pte. Ltd.'s holdings in Netflix were worth $11,734,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Pathway Financial Advisers LLC raised its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares in the last quarter. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter worth approximately $32,000. Newton One Investments LLC bought a new stake in shares of Netflix in the 4th quarter valued at approximately $34,000. Pineridge Advisors LLC raised its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC raised its position in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after acquiring an additional 16 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group decreased their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. BMO Capital Markets restated an "outperform" rating and issued a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research report on Wednesday, January 22nd. Wells Fargo & Company raised their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Finally, Barclays lifted their target price on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average target price of $1,084.91.

Insider Activity

In related news, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 132,868 shares of company stock worth $138,483,256. 1.76% of the stock is owned by company insiders.

Netflix Stock Up 1.1%

NFLX stock opened at $1,150.99 on Thursday. The firm's 50-day moving average is $997.19 and its two-hundred day moving average is $939.66. The company has a market capitalization of $489.83 billion, a price-to-earnings ratio of 58.04, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,164.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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. The business had revenue of $10.54 billion for 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 last year, the business earned $8.28 earnings per share. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Netflix Company 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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