Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the 4th quarter, HoldingsChannel reports. The fund owned 203,215 shares of the Internet television network’s stock after buying an additional 2,118 shares during the quarter. Netflix accounts for approximately 0.7% of Treasurer of the State of North Carolina’s investment portfolio, making the stock its 20th biggest holding. Treasurer of the State of North Carolina’s holdings in Netflix were worth $181,130,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Neuberger Berman Group LLC boosted its position in shares of Netflix by 5.1% during the 4th quarter. Neuberger Berman Group LLC now owns 484,912 shares of the Internet television network’s stock worth $432,212,000 after acquiring an additional 23,710 shares in the last quarter. Redwood Park Advisors LLC acquired a new stake in shares of Netflix in the 4th quarter valued at about $66,000. Colonial Trust Advisors boosted its position in shares of Netflix by 220.2% in the 4th quarter. Colonial Trust Advisors now owns 1,809 shares of the Internet television network’s stock valued at $1,612,000 after purchasing an additional 1,244 shares during the period. Bank of Hawaii boosted its position in shares of Netflix by 23.3% in the 4th quarter. Bank of Hawaii now owns 7,117 shares of the Internet television network’s stock valued at $6,344,000 after purchasing an additional 1,346 shares during the period. Finally, Scotia Capital Inc. boosted its position in shares of Netflix by 7.7% in the 4th quarter. Scotia Capital Inc. now owns 33,293 shares of the Internet television network’s stock valued at $29,675,000 after purchasing an additional 2,368 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of Netflix stock opened at $945.47 on Thursday. The business’s fifty day moving average price is $962.78 and its 200 day moving average price is $881.51. The stock has a market capitalization of $404.43 billion, a P/E ratio of 47.68, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. 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, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business 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 firm posted $2.11 earnings per share. The company’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NFLX. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. UBS Group set a $1,000.00 price objective on Netflix in a research note on Monday, March 24th. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and upped their price objective for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, Oppenheimer upped their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,017.31.

Insider Activity

In other news, Director Jay C. Hoag sold 617 shares of the stock in a transaction on Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is currently owned by insiders.

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.