Netflix, Inc. (NASDAQ:NFLX) Shares Bought by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 132,019 shares of the Internet television network’s stock after acquiring an additional 954 shares during the period. Netflix comprises 0.6% of MetLife Investment Management LLC’s portfolio, making the stock its 20th largest holding. MetLife Investment Management LLC’s holdings in Netflix were worth $117,671,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Pathway Financial Advisers LLC lifted its holdings in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the period. Newton One Investments LLC purchased a new position in shares of Netflix during the 4th quarter valued at approximately $34,000. Pineridge Advisors LLC raised its holdings in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 40 shares in the last quarter. Princeton Global Asset Management LLC grew its position in shares of Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after acquiring an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in Netflix during the fourth quarter valued at $43,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 1.2 %

NFLX stock opened at $973.03 on Friday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The firm has a market capitalization of $416.22 billion, a PE ratio of 49.07, a P/E/G ratio of 2.12 and a beta of 1.55. The stock’s 50 day moving average is $954.87 and its 200-day moving average is $891.82. 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 earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period last year, the business posted $8.28 earnings per share. Sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of the business’s stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders sold a total of 274,312 shares of company stock worth $267,919,297 over the last three months. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NFLX shares. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Moffett Nathanson reissued a “buy” rating and issued a $1,150.00 price objective on shares of Netflix in a research note on Friday. UBS Group cut their price objective on Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and issued a $1,126.00 target price on shares of Netflix in a research report on Thursday. Finally, Piper Sandler assumed coverage on shares of Netflix in a report on Thursday. They set an “overweight” rating and a $1,100.00 price target on the stock. Ten 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,023.49.

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.