UniSuper Management Pty Ltd Has $157.60 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

UniSuper Management Pty Ltd lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 2.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 176,818 shares of the Internet television network’s stock after selling 4,614 shares during the quarter. Netflix makes up approximately 1.1% of UniSuper Management Pty Ltd’s holdings, making the stock its 14th largest holding. UniSuper Management Pty Ltd’s holdings in Netflix were worth $157,601,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the 3rd quarter valued at $25,000. Pathway Financial Advisers LLC increased its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC bought a new position in Netflix during the fourth quarter valued at about $34,000. Pineridge Advisors LLC lifted its position 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 worth $37,000 after buying an additional 40 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in shares of Netflix during the 3rd quarter worth about $38,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on NFLX. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a report on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. Loop Capital upped their price objective on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. UBS Group reiterated a “buy” rating on shares of Netflix in a report on Monday, March 10th. Finally, Evercore ISI upped their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $1,016.78.

Netflix Stock Performance

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

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

Netflix 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.