E Fund Management Co. Ltd. Has $2.17 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

E Fund Management Co. Ltd. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,458 shares of the Internet television network’s stock after selling 415 shares during the period. E Fund Management Co. Ltd.’s holdings in Netflix were worth $2,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Netflix during the third quarter worth about $26,000. Carmel Capital Partners LLC raised its holdings in shares of Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new position in Netflix during the 4th quarter valued at about $41,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. The Goldman Sachs Group raised their target price on Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Robert W. Baird lifted their price objective on shares of Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Macquarie increased their target price on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Jefferies Financial Group boosted their price target on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday, March 12th. Finally, Canaccord Genuity Group reaffirmed a “hold” rating and issued a $585.00 price objective (down from $720.00) on shares of Netflix in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $631.15.

Netflix Price Performance

Netflix stock traded up $2.62 during mid-day trading on Thursday, hitting $612.09. 2,054,968 shares of the company traded hands, compared to its average volume of 4,378,188. The stock has a fifty day moving average price of $603.11 and a 200-day moving average price of $532.16. The stock has a market cap of $263.79 billion, a price-to-earnings ratio of 42.48, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a one year low of $329.51 and a one year high of $639.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter last year, the business posted $2.88 earnings per share. The company’s revenue for the quarter was up 14.8% on a year-over-year basis. On average, equities analysts predict that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider David A. Hyman sold 268 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider David A. Hyman sold 268 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. Insiders sold 146,432 shares of company stock worth $84,762,938 in the last quarter. 1.76% of the stock is owned by insiders.

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.