Netflix, Inc. (NASDAQ:NFLX) Holdings Raised by MUFG Securities EMEA plc

MUFG Securities EMEA plc boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 14.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,496 shares of the Internet television network’s stock after buying an additional 192 shares during the period. MUFG Securities EMEA plc’s holdings in Netflix were worth $728,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Authentikos Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix in the 3rd quarter valued at about $26,000. Blue Bell Private Wealth Management LLC boosted its position in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares in the last quarter. Pacifica Partners Inc. bought a new stake in shares of Netflix in the 4th quarter worth approximately $41,000. Finally, Bear Mountain Capital Inc. bought a new stake in shares of Netflix in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on NFLX. Wedbush restated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research report on Monday, May 20th. Rosenblatt Securities upped their target price on Netflix from $540.00 to $554.00 and gave the company a “neutral” rating in a report on Friday, May 17th. KeyCorp increased their price target on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. BMO Capital Markets restated an “outperform” rating and set a $713.00 price objective (up previously from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Finally, Seaport Res Ptn cut shares of Netflix from a “buy” rating to a “neutral” rating in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $630.53.

Netflix Stock Up 1.7 %

NASDAQ:NFLX traded up $11.08 during trading hours on Friday, reaching $646.75. The company’s stock had a trading volume of 2,615,260 shares, compared to its average volume of 3,191,080. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $278.75 billion, a price-to-earnings ratio of 44.88, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a one year low of $344.73 and a one year high of $652.00. The business’s 50-day moving average is $607.60 and its 200-day moving average is $549.72.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the prior year, the company posted $2.88 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. Equities research analysts predict that Netflix, Inc. will post 18.31 EPS for the current year.

Insider Buying and Selling at Netflix

In other news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Reed Hastings sold 18,361 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The disclosure for this sale can be found here. Insiders have sold a total of 78,039 shares of company stock worth $46,401,083 over the last 90 days. 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.