Ashburton Jersey Ltd Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

Ashburton Jersey Ltd acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, HoldingsChannel.com reports. The fund acquired 990 shares of the Internet television network’s stock, valued at approximately $882,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after buying an additional 198,148 shares in the last quarter. Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Netflix during the 3rd quarter worth approximately $248,000. Weiss Asset Management LP bought a new position in shares of Netflix during the 3rd quarter valued at approximately $878,000. Kovitz Investment Group Partners LLC boosted its position in shares of Netflix by 139.9% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 18,348 shares of the Internet television network’s stock valued at $13,014,000 after acquiring an additional 10,700 shares during the last quarter. Finally, Castleark Management LLC grew its holdings in shares of Netflix by 46.3% in the third quarter. Castleark Management LLC now owns 44,648 shares of the Internet television network’s stock valued at $31,667,000 after purchasing an additional 14,138 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NFLX shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. BMO Capital Markets reiterated an “outperform” rating and issued a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. KeyCorp upped their price objective on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Pivotal Research lifted their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Piper Sandler restated an “overweight” rating and set a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,023.74.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 280,676 shares of company stock worth $273,515,672 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Down 6.7 %

NFLX opened at $855.86 on Friday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The stock has a fifty day moving average price of $970.24 and a 200-day moving average price of $875.80. The firm has a market cap of $366.10 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm posted $2.11 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.