Ilmarinen Mutual Pension Insurance Co Acquires 14,000 Shares of Netflix, Inc. (NASDAQ:NFLX)

Ilmarinen Mutual Pension Insurance Co grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 28.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,000 shares of the Internet television network’s stock after purchasing an additional 14,000 shares during the quarter. Netflix comprises about 0.5% of Ilmarinen Mutual Pension Insurance Co’s portfolio, making the stock its 23rd biggest position. Ilmarinen Mutual Pension Insurance Co’s holdings in Netflix were worth $57,044,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pathway Financial Advisers LLC raised its holdings in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Newton One Investments LLC acquired a new position in Netflix during the 4th quarter worth approximately $34,000. Pineridge Advisors LLC raised its stake in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the period. Princeton Global Asset Management LLC boosted its holdings in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after acquiring an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Netflix during the fourth quarter valued at approximately $43,000. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Moffett Nathanson upgraded shares of Netflix from a “neutral” rating to a “buy” rating and boosted their price target for the company from $850.00 to $1,100.00 in a research note on Monday, March 17th. FBN Securities assumed coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price target on the stock. Evercore ISI increased their price objective on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Guggenheim reissued a “buy” rating and issued a $1,100.00 price target on shares of Netflix in a research report on Thursday. Finally, Macquarie lifted their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,023.74.

Insiders Place Their Bets

In related news, Director Ann Mather sold 2,682 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 280,676 shares of company stock valued at $273,515,672 over the last 90 days. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $855.86 on Friday. The stock has a market cap of $366.10 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The business has a 50-day simple moving average of $970.24 and a 200 day simple moving average of $874.63. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business 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 business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.11 EPS. On average, research analysts forecast 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.