Premier Fund Managers Ltd Invests $10.85 Million in Netflix, Inc. (NASDAQ:NFLX)

Premier Fund Managers Ltd acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,050 shares of the Internet television network’s stock, valued at approximately $10,848,000.

A number of other institutional investors have also recently made changes to their positions in NFLX. Principal Financial Group Inc. raised its position in Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after buying an additional 198,148 shares during the last quarter. Qsemble Capital Management LP purchased a new position in shares of Netflix during the third quarter worth approximately $209,000. Blueshift Asset Management LLC bought a new position in Netflix during the 3rd quarter worth approximately $339,000. CreativeOne Wealth LLC grew its stake in shares of Netflix by 41.2% in the third quarter. CreativeOne Wealth LLC now owns 3,470 shares of the Internet television network’s stock worth $2,461,000 after purchasing an additional 1,013 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the 3rd quarter valued at about $25,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NFLX. Wedbush reissued an “outperform” rating and set a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Citigroup increased their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and upped their target price for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $1,021.02.

Netflix Stock Performance

NFLX opened at $976.72 on Friday. The company has a fifty day moving average of $970.22 and a 200 day moving average of $864.96. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The stock has a market capitalization of $417.80 billion, a price-to-earnings ratio of 49.25, a PEG ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.11 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $101,241.12. This represents a 99.68 % 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. 1.76% of the stock is owned by company insiders.

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.