AEGON ASSET MANAGEMENT UK Plc Invests $18.44 Million in Netflix, Inc. (NASDAQ:NFLX)

AEGON ASSET MANAGEMENT UK Plc bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 19,780 shares of the Internet television network’s stock, valued at approximately $18,441,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Vanguard Group Inc. boosted its stake in Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC boosted its stake in Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after purchasing an additional 375,234 shares during the period. Geode Capital Management LLC boosted its stake in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after purchasing an additional 175,596 shares during the period. GAMMA Investing LLC grew its holdings in shares of Netflix by 109,524.3% during the 1st quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network’s stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Netflix during the 4th quarter worth $5,019,087,000. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Cletus R. Willems sold 298 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $35,972,180. This represents a 0.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the transaction, the chairman now owns 394 shares of the company’s stock, valued at $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 122,766 shares of company stock worth $133,361,747 in the last ninety days. 1.37% of the stock is currently owned by insiders.

Netflix Stock Up 1.0%

NFLX stock opened at $1,218.98 on Tuesday. The stock has a market cap of $518.76 billion, a P/E ratio of 61.47, a P/E/G ratio of 2.12 and a beta of 1.58. The stock’s fifty day simple moving average is $1,064.24 and its two-hundred day simple moving average is $979.03. 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, Inc. has a 1-year low of $587.04 and a 1-year high of $1,219.40.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating 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 company 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 company posted $8.28 EPS. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently issued reports on NFLX. Rosenblatt Securities increased their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Canaccord Genuity Group increased their target price on Netflix from $1,200.00 to $1,380.00 and gave the stock a “buy” rating in a report on Friday, May 16th. Evercore ISI reissued an “outperform” rating on shares of Netflix in a report on Thursday, May 15th. Moffett Nathanson restated a “buy” rating and set a $1,150.00 price objective (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, FBN Securities started coverage on Netflix in a research report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price objective for the company. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,122.33.

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.