SYM FINANCIAL Corp Buys New Holdings in Netflix, Inc. (NASDAQ:NFLX)

SYM FINANCIAL Corp purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, HoldingsChannel reports. The fund purchased 432 shares of the Internet television network’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its position in shares of Netflix by 15,039.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares during the last quarter. Jennison Associates LLC raised its stake in Netflix by 40.6% during the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares during the last quarter. Alecta Tjanstepension Omsesidigt grew its stake in shares of 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 buying an additional 300,000 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Netflix in the 3rd quarter worth about $99,219,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Netflix stock traded up $14.19 during mid-day trading on Friday, reaching $579.34. 3,307,524 shares of the company traded hands, compared to its average volume of 4,520,712. The firm’s fifty day moving average is $602.57 and its two-hundred day moving average is $526.33. The company has a market capitalization of $249.67 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. Netflix, Inc. has a fifty-two week low of $317.95 and a fifty-two week high of $639.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.88 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. TD Cowen increased their price target on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a report on Monday, April 8th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $713.00 price objective (up from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Piper Sandler boosted 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. Jefferies Financial Group increased their price target on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, March 12th. Finally, Bank of America lifted their price objective on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average price target of $631.15.

Insider Activity

In related news, CEO Gregory K. Peters sold 1,278 shares of the stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $7,413,521.50. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,413,521.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at $717,379.74. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,833 shares of company stock valued at $88,270,051. Company insiders own 1.76% of the company’s stock.

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.