Strategic Global Advisors LLC Acquires 1,747 Shares of Netflix, Inc. (NASDAQ:NFLX)

Strategic Global Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 15.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,329 shares of the Internet television network’s stock after buying an additional 1,747 shares during the quarter. Netflix makes up approximately 2.2% of Strategic Global Advisors LLC’s portfolio, making the stock its 10th largest holding. Strategic Global Advisors LLC’s holdings in Netflix were worth $11,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the stock. Janus Henderson Group PLC increased its stake in shares of Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after purchasing an additional 110,432 shares during the period. First National Trust Co grew its holdings in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after buying an additional 12 shares during the last quarter. Haven Private LLC bought a new position in Netflix in the 4th quarter worth approximately $733,000. Sigma Planning Corp lifted its holdings in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after buying an additional 386 shares during the last quarter. Finally, Quilter Plc boosted its position in shares of Netflix by 8.2% in the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock valued at $128,133,000 after acquiring an additional 10,946 shares during the period. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 132,868 shares of company stock worth $138,483,256. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

NASDAQ:NFLX opened at $1,191.53 on Friday. 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 firm has a market cap of $507.08 billion, a PE ratio of 60.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,196.50. The company’s 50-day moving average price is $1,009.34 and its two-hundred day moving average price is $946.93.

Netflix (NASDAQ:NFLX) last posted its earnings results 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. The company had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the company posted $8.28 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a research note on Monday, April 21st. BMO Capital Markets reissued an “outperform” rating and issued a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the company an “overweight” rating in a research report on Monday, April 21st. Finally, Bank of America lifted their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average target price of $1,093.39.

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.