Aljian Capital Management LLC Acquires 1,540 Shares of Netflix, Inc. (NASDAQ:NFLX)

Aljian Capital Management LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 9,887 shares of the Internet television network’s stock after purchasing an additional 1,540 shares during the period. Netflix comprises 1.9% of Aljian Capital Management LLC’s holdings, making the stock its 10th largest holding. Aljian Capital Management LLC’s holdings in Netflix were worth $8,812,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Nordea Investment Management AB grew its stake in Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after purchasing an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after buying an additional 29,726 shares during the last quarter. Natixis Advisors LLC boosted its position in Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after buying an additional 11,921 shares during the last quarter. M&T Bank Corp increased its holdings in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares during the period. Finally, Kestra Investment Management LLC purchased a new position in Netflix during the 3rd quarter worth approximately $1,517,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on NFLX shares. Citigroup upped their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Argus increased their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Morgan Stanley upped their price objective on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Bank of America raised their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Price Performance

NASDAQ:NFLX opened at $1,027.31 on Thursday. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,032.85. The stock’s fifty day moving average is $924.40 and its two-hundred day moving average is $799.32. The company has a market capitalization of $439.44 billion, a P/E ratio of 51.81, a P/E/G ratio of 2.11 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company earned $2.11 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 10,000 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $978.41, for a total value of $9,784,100.00. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at approximately $3,611,311.31. The trade was a 73.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,809 shares of company stock valued at $290,374,484. Company insiders own 1.76% of the company’s stock.

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.