Capital International Inc. CA Has $77.27 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Capital International Inc. CA cut its position in Netflix, Inc. (NASDAQ:NFLX) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 86,696 shares of the Internet television network’s stock after selling 2,399 shares during the period. Netflix accounts for about 0.9% of Capital International Inc. CA’s investment portfolio, making the stock its 24th biggest position. Capital International Inc. CA’s holdings in Netflix were worth $77,274,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its holdings in Netflix by 82.4% during the 4th 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 in the last quarter. Newton One Investments LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $34,000. Pineridge Advisors LLC raised its holdings in shares of Netflix by 4,000.0% in the fourth 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 last quarter. Princeton Global Asset Management LLC lifted its position in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in Netflix during the 4th quarter worth about $43,000. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 1.2 %

Shares of NASDAQ:NFLX opened at $973.03 on Friday. The company has a 50-day simple moving average of $954.87 and a 200 day simple moving average of $891.82. The company has a market capitalization of $416.22 billion, a P/E ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. 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, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the firm earned $8.28 EPS. Sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the company’s stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,312 shares of company stock worth $267,919,297. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the topic of several research reports. 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. BMO Capital Markets reissued an “outperform” rating on shares of Netflix in a report on Friday. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Oppenheimer reissued an “outperform” rating on shares of Netflix in a research note on Friday. Finally, Guggenheim reaffirmed a “buy” rating and issued a $1,150.00 price objective on shares of Netflix in a research note on Friday. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,023.49.

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.