Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Metis Global Partners LLC

Metis Global Partners LLC increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,840 shares of the Internet television network’s stock after acquiring an additional 483 shares during the quarter. Netflix makes up about 0.7% of Metis Global Partners LLC’s holdings, making the stock its 21st biggest position. Metis Global Partners LLC’s holdings in Netflix were worth $22,140,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of NFLX. AMF Tjanstepension AB increased its stake in Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after buying an additional 4,701 shares during the period. Swedbank AB increased its stake in Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after buying an additional 8,024 shares during the period. HM Payson & Co. increased its stake in Netflix by 5.2% in the 3rd quarter. HM Payson & Co. now owns 1,557 shares of the Internet television network’s stock valued at $1,104,000 after buying an additional 77 shares during the period. Reston Wealth Management LLC acquired a new position in Netflix in the 3rd quarter valued at $117,000. Finally, Oak Ridge Investments LLC increased its stake in Netflix by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 19,010 shares of the Internet television network’s stock valued at $13,483,000 after buying an additional 1,350 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Wedbush reissued an “outperform” rating and issued a $1,150.00 price objective (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Evercore ISI boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Price Performance

NASDAQ:NFLX opened at $980.56 on Friday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company’s 50-day moving average is $947.72 and its two-hundred day moving average is $830.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $419.44 billion, a price-to-earnings ratio of 49.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27.

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

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 303,380 shares of company stock worth $290,016,164 in the last 90 days. 1.76% of the stock is owned by company insiders.

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.