United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Invests $1.78 Million in Netflix, Inc. (NASDAQ:NFLX)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, Holdings Channel reports. The fund bought 2,000 shares of the Internet television network’s stock, valued at approximately $1,783,000.

Several other hedge funds also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix in the third quarter worth about $25,000. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares during the period. Newton One Investments LLC purchased a new stake in Netflix in the 4th quarter worth approximately $34,000. Pineridge Advisors LLC grew its stake 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 worth $37,000 after purchasing an additional 40 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of Netflix during the 3rd quarter valued at approximately $38,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 30,485 shares of the company’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $386,876.48. This represents a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the completion of the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,624,746.55. This trade represents a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock worth $279,142,041 in the last ninety days. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Up 2.6 %

NASDAQ:NFLX opened at $997.28 on Wednesday. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $965.09 and its two-hundred day moving average is $863.43. The stock has a market capitalization of $426.59 billion, a price-to-earnings ratio of 50.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.11 EPS. Research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on NFLX. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Arete Research upgraded Netflix to a “hold” rating in a research note on Thursday, January 23rd. Argus increased their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $715.00 to $900.00 in a research note 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,016.78.

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.