Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Quilter Plc

Quilter Plc increased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.2% in the fourth quarter, HoldingsChannel reports. The firm owned 143,757 shares of the Internet television network’s stock after purchasing an additional 10,946 shares during the period. Netflix makes up approximately 2.5% of Quilter Plc’s investment portfolio, making the stock its 9th biggest holding. Quilter Plc’s holdings in Netflix were worth $128,133,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after acquiring an additional 42 shares in the last quarter. Newton One Investments LLC acquired a new stake in Netflix in the 4th quarter valued at about $34,000. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the 3rd quarter valued at about $37,000. Finally, FSA Wealth Management LLC acquired a new stake in Netflix in the 3rd quarter valued at about $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Citigroup raised their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. TD Cowen raised their target price on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and raised their target price for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Finally, Argus lifted their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Activity at Netflix

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders have sold 298,870 shares of company stock worth $285,287,314 over the last ninety days. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Netflix stock opened at $1,013.93 on Monday. The business has a 50 day moving average of $917.36 and a 200-day moving average of $791.20. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,027.76. The company has a market capitalization of $433.72 billion, a P/E ratio of 51.13, a P/E/G ratio of 2.11 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.

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

About Netflix

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.