LGT Group Foundation Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

LGT Group Foundation raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 12.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,050 shares of the Internet television network’s stock after buying an additional 1,574 shares during the period. LGT Group Foundation’s holdings in Netflix were worth $12,523,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Swedbank AB lifted its position in shares of Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after purchasing an additional 8,024 shares during the period. Farther Finance Advisors LLC lifted its position in shares of Netflix by 20.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 5,220 shares of the Internet television network’s stock worth $3,703,000 after purchasing an additional 903 shares during the period. Clear Creek Financial Management LLC lifted its position in shares of Netflix by 2.3% in the 3rd quarter. Clear Creek Financial Management LLC now owns 759 shares of the Internet television network’s stock worth $538,000 after purchasing an additional 17 shares during the period. Optas LLC lifted its position in shares of Netflix by 6.0% in the 3rd quarter. Optas LLC now owns 1,520 shares of the Internet television network’s stock worth $1,078,000 after purchasing an additional 86 shares during the period. Finally, New Covenant Trust Company N.A. purchased a new stake in shares of Netflix in the 3rd quarter worth about $208,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

NFLX stock opened at $980.56 on Monday. The company’s fifty day moving average price is $947.72 and its 200-day moving average price is $833.29. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a market capitalization of $419.44 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly 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 company had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 255,017 shares of company stock worth $246,653,898. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NFLX shares. UBS Group raised their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Pivotal Research increased their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and increased their price target for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

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.