Netflix, Inc. (NASDAQ:NFLX) Shares Bought by AIA Group Ltd

AIA Group Ltd increased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 23,394 shares of the Internet television network’s stock after purchasing an additional 568 shares during the quarter. AIA Group Ltd’s holdings in Netflix were worth $20,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in NFLX. Principal Financial Group Inc. raised its position in shares of Netflix by 13.3% during the 3rd 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. Tradition Wealth Management LLC lifted its position in Netflix by 11.1% in the third quarter. Tradition Wealth Management LLC now owns 859 shares of the Internet television network’s stock worth $609,000 after purchasing an additional 86 shares during the period. Cobblestone Capital Advisors LLC NY boosted its stake in Netflix by 5.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 681 shares of the Internet television network’s stock valued at $483,000 after purchasing an additional 36 shares in the last quarter. Erste Asset Management GmbH acquired a new position in shares of Netflix during the 3rd quarter valued at $145,252,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in shares of Netflix by 776.3% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 333 shares of the Internet television network’s stock worth $236,000 after buying an additional 295 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 4.4 %

Shares of NFLX opened at $933.85 on Monday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The stock has a market cap of $399.46 billion, a price-to-earnings ratio of 47.09, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a 50-day moving average price of $971.74 and a two-hundred day moving average price of $869.42. 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 released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (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 firm 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 company posted $2.11 earnings per share. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on NFLX shares. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Oppenheimer upped their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley boosted their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.02.

Insider Activity

In related news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 288,583 shares of company stock worth $279,611,567. Insiders own 1.76% of the company’s stock.

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.