Promethos Capital LLC Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Promethos Capital LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,454 shares of the Internet television network’s stock after acquiring an additional 250 shares during the period. Netflix accounts for approximately 2.3% of Promethos Capital LLC’s portfolio, making the stock its 12th biggest holding. Promethos Capital LLC’s holdings in Netflix were worth $6,644,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% in 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 stake in Netflix in the 4th quarter worth about $34,000. Pineridge Advisors LLC grew its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the period. Princeton Global Asset Management LLC increased its stake in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. purchased a new position in shares of Netflix during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on NFLX shares. UBS Group set a $1,000.00 price target on shares of Netflix in a research report on Monday, March 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Moffett Nathanson upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the company from $850.00 to $1,100.00 in a report on Monday, March 17th. Arete Research upgraded Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,017.31.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares of the company’s stock, valued at approximately $362,933.10. This represents a 98.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock valued at $267,919,297 in the last three months. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $918.29 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $392.80 billion, a PE ratio of 46.31, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The business’s fifty day moving average price is $960.09 and its two-hundred day moving average price is $885.47.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion for 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 company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.11 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

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.