Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. raised its position in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the fourth quarter, Holdings Channel reports. The firm owned 10,392 shares of the Internet television network’s stock after buying an additional 193 shares during the quarter. Netflix comprises 1.2% of Global X Japan Co. Ltd.’s portfolio, making the stock its 23rd largest holding. Global X Japan Co. Ltd.’s holdings in Netflix were worth $9,263,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of NFLX. AMF Tjanstepension AB raised its holdings in shares of Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares in the last quarter. Brookstone Capital Management raised its stake in Netflix by 6.4% during the 3rd quarter. Brookstone Capital Management now owns 7,486 shares of the Internet television network’s stock worth $5,310,000 after acquiring an additional 447 shares in the last quarter. Sovereign Financial Group Inc. lifted its position in Netflix by 42.9% in the third quarter. Sovereign Financial Group Inc. now owns 440 shares of the Internet television network’s stock valued at $312,000 after acquiring an additional 132 shares during the last quarter. Daymark Wealth Partners LLC boosted its stake in Netflix by 3.2% in the third quarter. Daymark Wealth Partners LLC now owns 2,225 shares of the Internet television network’s stock valued at $1,578,000 after acquiring an additional 69 shares in the last quarter. Finally, Marcum Wealth LLC lifted its holdings in shares of Netflix by 5.3% in the 3rd quarter. Marcum Wealth LLC now owns 1,631 shares of the Internet television network’s stock valued at $1,157,000 after purchasing an additional 82 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NFLX shares. TD Cowen increased their price target on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday. Phillip Securities downgraded Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Pivotal Research boosted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Stock Performance

Shares of NFLX stock opened at $1,015.68 on Friday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,016.35. The firm has a market capitalization of $434.47 billion, a P/E ratio of 51.22, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company’s fifty day moving average price is $912.05 and its two-hundred day moving average price is $786.03.

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

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 685 shares of the stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at $3,726,322.87. This represents a 15.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders sold 292,270 shares of company stock valued at $278,469,388 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

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.