Netflix, Inc. (NASDAQ:NFLX) Stake Increased by Slow Capital Inc.

Slow Capital Inc. raised its position in Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,629 shares of the Internet television network’s stock after purchasing an additional 115 shares during the quarter. Netflix accounts for approximately 2.6% of Slow Capital Inc.’s holdings, making the stock its 10th biggest holding. Slow Capital Inc.’s holdings in Netflix were worth $14,912,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. Norges Bank purchased a new stake in Netflix in the 4th quarter worth about $1,501,762,000. Moneta Group Investment Advisors LLC increased its position in shares of Netflix by 117,939.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock worth $808,575,000 after acquiring an additional 2,739,725 shares during the period. International Assets Investment Management LLC increased its position in shares of Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after acquiring an additional 2,061,859 shares during the period. Alliancebernstein L.P. increased its position in shares of Netflix by 202.7% during the second quarter. Alliancebernstein L.P. now owns 1,790,092 shares of the Internet television network’s stock worth $788,518,000 after acquiring an additional 1,198,774 shares during the period. Finally, Barclays PLC increased its position in shares of Netflix by 113.1% during the second quarter. Barclays PLC now owns 1,869,385 shares of the Internet television network’s stock worth $823,446,000 after acquiring an additional 992,193 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ NFLX traded down $8.02 on Wednesday, hitting $609.50. 1,466,277 shares of the company’s stock traded hands, compared to its average volume of 4,215,712. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The firm’s 50-day moving average price is $603.65 and its two-hundred day moving average price is $510.44. The firm has a market capitalization of $263.77 billion, a PE ratio of 51.23, a P/E/G ratio of 1.64 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the previous year, the firm posted $0.12 earnings per share. The business’s revenue was up 12.5% on a year-over-year basis. As a group, analysts expect that Netflix, Inc. will post 17.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFLX. Citigroup raised their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Redburn Atlantic raised their target price on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Piper Sandler boosted their price objective on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. The Goldman Sachs Group increased their target price on Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, Sanford C. Bernstein lifted their price target on Netflix from $390.00 to $490.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $603.48.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 268,335 shares of company stock worth $151,619,811. Company insiders own 2.45% of the company’s stock.

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.