Ninety One UK Ltd Makes New $16.17 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

Ninety One UK Ltd purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 33,208 shares of the Internet television network’s stock, valued at approximately $16,168,000.

Several other hedge funds also recently bought and sold shares of the stock. Regent Peak Wealth Advisors LLC increased its position 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 worth $635,000 after buying an additional 21 shares in the last quarter. Centurion Wealth Management LLC grew its position in shares of Netflix by 2.4% in the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after purchasing an additional 23 shares during the period. Secure Asset Management LLC grew its position in shares of Netflix by 2.7% in the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock valued at $440,000 after purchasing an additional 24 shares during the period. Key Financial Inc grew its position in shares of Netflix by 14.4% in the third quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock valued at $75,000 after purchasing an additional 25 shares during the period. Finally, Lee Financial Co grew its position in shares of Netflix by 18.2% in the third quarter. Lee Financial Co now owns 162 shares of the Internet television network’s stock valued at $61,000 after purchasing an additional 25 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Macquarie lifted their price objective on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research report on Tuesday. Canaccord Genuity Group downgraded Netflix from a “buy” rating to a “hold” rating and lowered their price objective for the company from $720.00 to $585.00 in a research report on Friday. Seaport Res Ptn downgraded Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. KeyCorp boosted their price target on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Finally, UBS Group boosted their price target on Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $628.76.

Insider Activity

In other news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Reed Hastings sold 20,566 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 268,335 shares of company stock worth $151,619,811. Insiders own 2.45% of the company’s stock.

Netflix Stock Performance

NFLX opened at $610.56 on Friday. The company has a market capitalization of $264.23 billion, a price-to-earnings ratio of 50.84, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The business has a 50 day moving average price of $605.77 and a two-hundred day moving average price of $511.86.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.88 earnings per share. Research analysts predict that Netflix, Inc. will post 17.05 EPS for the current fiscal 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.