Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Increased by NEOS Investment Management LLC

NEOS Investment Management LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 16.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 50,575 shares of the Internet television network’s stock after purchasing an additional 7,021 shares during the quarter. Netflix accounts for approximately 1.1% of NEOS Investment Management LLC’s holdings, making the stock its 12th largest position. NEOS Investment Management LLC’s holdings in Netflix were worth $45,079,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Principal Financial Group Inc. lifted its stake in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after acquiring an additional 198,148 shares during the period. Algert Global LLC acquired a new stake in Netflix in the third quarter worth approximately $2,475,000. Qsemble Capital Management LP bought a new position in Netflix during the 3rd quarter valued at $209,000. D.A. Davidson & CO. increased its position in shares of Netflix by 0.4% during the 3rd quarter. D.A. Davidson & CO. now owns 17,788 shares of the Internet television network’s stock valued at $12,616,000 after purchasing an additional 72 shares during the period. Finally, Cynosure Group LLC increased its position in shares of Netflix by 98.5% during the 3rd quarter. Cynosure Group LLC now owns 1,211 shares of the Internet television network’s stock valued at $859,000 after purchasing an additional 601 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock worth $279,611,567 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $970.65 on Thursday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The business’s 50-day moving average price is $967.54 and its two-hundred day moving average price is $864.18. 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 company has a market capitalization of $415.20 billion, a P/E ratio of 48.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. Deutsche Bank Aktiengesellschaft raised their target price on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Oppenheimer lifted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research note on Thursday, January 23rd. Macquarie raised their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Finally, Needham & Company LLC upped their price target on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,016.78.

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.