PKO Investment Management Joint Stock Co Boosts Stake in Netflix, Inc. (NASDAQ:NFLX)

PKO Investment Management Joint Stock Co boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 290.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,800 shares of the Internet television network’s stock after buying an additional 5,800 shares during the quarter. Netflix accounts for about 0.8% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 28th largest position. PKO Investment Management Joint Stock Co’s holdings in Netflix were worth $7,274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC raised its position in shares of Netflix by 100.0% during the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after purchasing an additional 13 shares during the period. Brown Shipley& Co Ltd purchased a new stake in Netflix in the 4th quarter worth $27,000. Transce3nd LLC bought a new stake in Netflix during the fourth quarter valued at about $32,000. Copia Wealth Management bought a new stake in Netflix during the fourth quarter valued at about $37,000. Finally, Stuart Chaussee & Associates Inc. lifted its position in shares of Netflix by 4,500.0% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock valued at $41,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the transaction, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. This trade represents a 41.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is currently owned by company insiders.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. Evercore ISI reissued an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. Wedbush reiterated an “outperform” rating and set a $1,200.00 price objective on shares of Netflix in a research report on Monday, May 5th. Guggenheim reissued a “buy” rating and issued a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Citigroup restated a “neutral” rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Finally, FBN Securities started coverage on shares of Netflix in a report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price target on the stock. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,156.73.

Netflix Trading Up 1.1%

NFLX opened at $1,225.35 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s 50 day moving average price is $1,127.47 and its 200-day moving average price is $1,003.32. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The stock has a market cap of $521.47 billion, a price-to-earnings ratio of 61.79, a P/E/G ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last posted 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 during the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the previous year, the business earned $8.28 EPS. On average, equities analysts forecast 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.