Motley Fool Asset Management LLC Buys 506 Shares of Netflix, Inc. (NASDAQ:NFLX)

Motley Fool Asset Management LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,020 shares of the Internet television network’s stock after buying an additional 506 shares during the period. Motley Fool Asset Management LLC’s holdings in Netflix were worth $6,339,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Jennison Associates LLC grew its holdings in shares of Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares during the last quarter. Northern Trust Corp lifted its position in Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after acquiring an additional 96,938 shares during the period. Clearbridge Investments LLC lifted its position in Netflix by 5.3% during the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock valued at $1,051,123,000 after acquiring an additional 139,165 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Netflix by 0.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock valued at $903,834,000 after purchasing an additional 14,364 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in Netflix by 15,039.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after purchasing an additional 2,061,859 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NFLX traded up $9.68 during trading hours on Thursday, hitting $564.80. The company’s stock had a trading volume of 3,799,070 shares, compared to its average volume of 4,519,067. The business’s 50-day moving average price is $604.99 and its 200-day moving average price is $518.24. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The stock has a market cap of $243.37 billion, a price-to-earnings ratio of 39.20, a P/E/G ratio of 1.41 and a beta of 1.22. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the previous year, the business posted $2.88 earnings per share. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. Sell-side analysts expect that Netflix, Inc. will post 18.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Ann Mather sold 3,673 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a filing with the SEC, which is available at this link. In other Netflix news, CEO Gregory K. Peters sold 5,533 shares of the stock in a transaction dated Friday, January 26th. The shares were sold at an average price of $575.00, for a total transaction of $3,181,475.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,526,750. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 160,106 shares of company stock worth $92,729,716. Insiders own 2.45% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Redburn Atlantic lifted their price target on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Piper Sandler lifted their price target on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. KeyCorp lifted their price target on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. Bank of America lifted their price target on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. Finally, Pivotal Research lifted their price target on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $630.58.

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.