KBC Group NV Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

KBC Group NV grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 226.3% in the 4th quarter, Holdings Channel reports. The fund owned 399,186 shares of the Internet television network’s stock after acquiring an additional 276,865 shares during the period. Netflix accounts for about 1.0% of KBC Group NV’s investment portfolio, making the stock its 15th biggest position. KBC Group NV’s holdings in Netflix were worth $355,803,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Union Bancaire Privee UBP SA bought a new stake in Netflix in the fourth quarter worth about $12,212,000. Apexium Financial LP grew its holdings in shares of Netflix by 0.9% during the fourth quarter. Apexium Financial LP now owns 1,925 shares of the Internet television network’s stock valued at $1,716,000 after buying an additional 17 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Netflix by 21.1% in the fourth quarter. Blue Trust Inc. now owns 6,454 shares of the Internet television network’s stock worth $5,753,000 after purchasing an additional 1,124 shares in the last quarter. Cathy Pareto & Associates Inc. acquired a new stake in shares of Netflix during the 4th quarter valued at $294,000. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its holdings in Netflix by 74,206.2% in the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 167,189 shares of the Internet television network’s stock worth $149,019,000 after buying an additional 166,964 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NFLX stock opened at $977.59 on Monday. The firm’s 50 day moving average is $895.13 and its 200 day moving average is $767.55. The stock has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a PEG ratio of 1.53 and a beta of 1.27. 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.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping 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 $10,141,900 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current year.

Insider Activity

In related news, CEO Theodore A. Sarandos sold 1,278 shares of Netflix stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the transaction, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at $1,960,579.80. The trade was a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy M. Haley sold 11,090 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on NFLX shares. Deutsche Bank Aktiengesellschaft raised their price target on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Loop Capital upped their price target on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a report on Thursday. Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC upped their price target on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Nine 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.