Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Increased by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 22.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,058 shares of the Internet television network’s stock after purchasing an additional 1,654 shares during the period. Netflix comprises approximately 1.1% of EFG Asset Management North America Corp.’s holdings, making the stock its 12th largest position. EFG Asset Management North America Corp.’s holdings in Netflix were worth $8,075,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Modern Wealth Management LLC increased its stake in shares of Netflix by 37.1% in the fourth quarter. Modern Wealth Management LLC now owns 1,031 shares of the Internet television network’s stock worth $919,000 after acquiring an additional 279 shares during the last quarter. Napean Trading & Investment Co Singapore PTE Ltd increased its position in Netflix by 4.6% in the 4th quarter. Napean Trading & Investment Co Singapore PTE Ltd now owns 22,734 shares of the Internet television network’s stock worth $20,263,000 after purchasing an additional 997 shares during the last quarter. Interchange Capital Partners LLC raised its stake in shares of Netflix by 4.8% during the 4th quarter. Interchange Capital Partners LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after purchasing an additional 48 shares in the last quarter. Towercrest Capital Management acquired a new stake in shares of Netflix during the 4th quarter valued at about $212,000. Finally, Sheets Smith Investment Management bought a new stake in shares of Netflix in the 4th quarter valued at approximately $1,293,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 1.2 %

NASDAQ NFLX opened at $971.99 on Tuesday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a market capitalization of $415.78 billion, a price-to-earnings ratio of 49.02, a PEG ratio of 2.12 and a beta of 1.38. The stock’s 50 day moving average is $961.71 and its two-hundred day moving average is $861.09. 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) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.11 earnings per share. Equities analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. This represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock worth $279,142,041 in the last quarter. 1.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NFLX. Phillip Securities cut shares of Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Pivotal Research lifted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Citigroup increased their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and boosted their price target for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, Wedbush reissued an “outperform” rating and set a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,016.78.

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.