Netflix, Inc. (NASDAQ:NFLX) Stock Position Boosted by PGGM Investments

PGGM Investments boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 19.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,662 shares of the Internet television network’s stock after buying an additional 4,338 shares during the period. PGGM Investments’ holdings in Netflix were worth $12,981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. KFA Private Wealth Group LLC lifted its holdings in Netflix by 1.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after acquiring an additional 18 shares during the last quarter. Addison Advisors LLC lifted its stake in Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after buying an additional 20 shares in the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock valued at $635,000 after buying an additional 21 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Netflix by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock valued at $191,000 after buying an additional 22 shares in the last quarter. Finally, Centurion Wealth Management LLC lifted its stake in Netflix by 2.4% during the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after buying an additional 23 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 20,734 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total value of $11,759,495.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares in the company, valued at $717,379.74. The disclosure for this sale can be found here. Insiders have sold 154,573 shares of company stock valued at $89,548,241 over the last three months. 2.45% of the stock is owned by insiders.

Netflix Price Performance

Shares of NFLX traded down $3.57 during mid-day trading on Friday, hitting $561.23. 4,332,593 shares of the company traded hands, compared to its average volume of 4,190,527. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The business has a 50-day moving average of $604.54 and a 200 day moving average of $520.48. The stock has a market capitalization of $241.83 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 1.37 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating 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 business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the prior year, the firm earned $2.88 earnings per share. Netflix’s revenue was up 14.8% compared to the same quarter last year. As a group, equities analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Piper Sandler upped their target price on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, April 12th. UBS Group upped their target price on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a report on Tuesday, February 27th. Jefferies Financial Group upped their target price on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, March 12th. Barclays upped their target price on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, Canaccord Genuity Group cut shares of Netflix from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $720.00 to $585.00 in a report on Friday, April 19th. One research 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 company. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus 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.