Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 69.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 69,608 shares of the Internet television network’s stock after buying an additional 28,507 shares during the quarter. Netflix accounts for approximately 0.8% of Mediolanum International Funds Ltd’s portfolio, making the stock its 22nd biggest position. Mediolanum International Funds Ltd’s holdings in Netflix were worth $62,523,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Dumont & Blake Investment Advisors LLC purchased a new position in Netflix in the fourth quarter worth approximately $236,000. EMC Capital Management acquired a new stake in shares of Netflix in the 4th quarter valued at $45,000. RVW Wealth LLC acquired a new stake in shares of Netflix in the 4th quarter valued at $645,000. Crews Bank & Trust purchased a new stake in shares of Netflix during the 4th quarter worth $119,000. Finally, OLD National Bancorp IN grew its stake in shares of Netflix by 0.6% during the fourth quarter. OLD National Bancorp IN now owns 3,567 shares of the Internet television network’s stock worth $3,179,000 after purchasing an additional 20 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,516 shares of company stock valued at $92,377,637. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Loop Capital lifted their price target on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Evercore ISI boosted their target price on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and upped their price target for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Needham & Company LLC raised their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Pivotal Research upped their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

Shares of NFLX stock opened at $973.24 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $999.00. The company has a market cap of $416.31 billion, a price-to-earnings ratio of 49.08, a price-to-earnings-growth ratio of 2.03 and a beta of 1.27. The stock has a 50 day simple moving average of $901.54 and a 200-day simple moving average of $774.15.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates 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 quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.11 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 24.58 EPS 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.