UniSuper Management Pty Ltd Decreases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

UniSuper Management Pty Ltd lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 176,818 shares of the Internet television network’s stock after selling 4,614 shares during the period. Netflix makes up about 1.1% of UniSuper Management Pty Ltd’s investment portfolio, making the stock its 14th largest position. UniSuper Management Pty Ltd’s holdings in Netflix were worth $157,601,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in NFLX. Moment Partners LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $642,000. Sava Infond d.o.o. acquired a new stake in Netflix during the 4th quarter valued at approximately $481,000. WINTON GROUP Ltd purchased a new stake in Netflix during the 4th quarter worth approximately $2,770,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Netflix by 8.5% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 714,606 shares of the Internet television network’s stock valued at $629,604,000 after purchasing an additional 56,066 shares in the last quarter. Finally, Worth Financial Advisory Group LLC boosted its stake in shares of Netflix by 6.1% during the 4th quarter. Worth Financial Advisory Group LLC now owns 630 shares of the Internet television network’s stock valued at $562,000 after buying an additional 36 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 288,583 shares of company stock worth $279,611,567. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NFLX. Needham & Company LLC lifted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Phillip Securities cut shares of Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Morgan Stanley lifted their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Finally, Arete Research upgraded Netflix to a “hold” rating in a research note on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Trading Down 2.7 %

Shares of NASDAQ:NFLX opened at $970.65 on Thursday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The firm has a market cap of $415.20 billion, a P/E ratio of 48.95, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a 50 day moving average of $967.54 and a 200-day moving average of $864.18. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same period last year, the firm earned $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.