Netflix, Inc. (NASDAQ:NFLX) Shares Bought by West Family Investments Inc.

West Family Investments Inc. increased its holdings in Netflix, Inc. (NASDAQ:NFLXFree Report) by 3.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,604 shares of the Internet television network’s stock after buying an additional 56 shares during the quarter. West Family Investments Inc.’s holdings in Netflix were worth $781,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares in the last quarter. Jennison Associates LLC boosted its position in Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Assenagon Asset Management S.A. boosted its position in Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after purchasing an additional 392,427 shares in the last quarter. Alecta Tjanstepension Omsesidigt boosted its position in Netflix by 171.4% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after purchasing an additional 300,000 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Netflix during the 3rd quarter valued at approximately $99,219,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on NFLX shares. Oppenheimer reiterated an “outperform” rating and set a $725.00 target price on shares of Netflix in a research report on Friday, April 19th. Piper Sandler increased their target price on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Pivotal Research increased their target price on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, April 19th. CICC Research started coverage on Netflix in a research report on Thursday. They set an “outperform” rating and a $650.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $631.15.

Check Out Our Latest Stock Report on Netflix

Insider Activity

In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $7,413,521.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $7,413,521.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ann Mather sold 3,673 shares of Netflix stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 133,839 shares of company stock worth $77,788,745. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Up 1.6 %

NASDAQ NFLX traded up $8.60 during trading on Thursday, hitting $560.31. The stock had a trading volume of 1,091,432 shares, compared to its average volume of 4,425,798. The company has a market capitalization of $241.44 billion, a PE ratio of 38.82, a PEG ratio of 1.35 and a beta of 1.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a 50 day moving average price of $603.12 and a 200 day moving average price of $524.53. Netflix, Inc. has a twelve month low of $315.85 and a twelve month high of $639.00.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.88 EPS. As a group, equities research analysts forecast that Netflix, Inc. will post 18.13 earnings per share for the current year.

Netflix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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