PKO Investment Management Joint Stock Co Increases Position in Netflix, Inc. (NASDAQ:NFLX)

PKO Investment Management Joint Stock Co raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 290.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,800 shares of the Internet television network’s stock after purchasing an additional 5,800 shares during the period. Netflix makes up approximately 0.8% of PKO Investment Management Joint Stock Co’s holdings, making the stock its 28th largest holding. PKO Investment Management Joint Stock Co’s holdings in Netflix were worth $7,274,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Halbert Hargrove Global Advisors LLC boosted its position in Netflix by 100.0% during the first quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after buying an additional 13 shares during the period. Brown Shipley& Co Ltd bought a new stake in shares of Netflix in the 4th quarter valued at about $27,000. Transce3nd LLC bought a new position in Netflix during the 4th quarter worth approximately $32,000. Copia Wealth Management bought a new position in Netflix during the 4th quarter worth approximately $37,000. Finally, Stuart Chaussee & Associates Inc. increased its stake in Netflix by 4,500.0% in the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after purchasing an additional 45 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,225.35 on Tuesday. The firm has a market cap of $521.47 billion, a P/E ratio of 61.79, a PEG ratio of 2.12 and a beta of 1.59. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,262.81. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average of $1,127.47 and a 200 day moving average of $1,003.32.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 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 analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the company earned $8.28 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NFLX. Evercore ISI reaffirmed an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. Citigroup restated a “neutral” rating and issued a $1,250.00 price objective (up previously from $1,020.00) on shares of Netflix in a research report on Thursday, May 29th. Wells Fargo & Company increased their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Barclays raised their target price on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Monday, April 21st. Finally, KeyCorp upped their price target on Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,156.73.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Jay C. Hoag sold 31,750 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total value of $39,762,112.50. Following the sale, the director now owns 63,040 shares of the company’s stock, valued at approximately $78,948,144. This represents a 33.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 185,140 shares of company stock worth $210,271,552. Company insiders own 1.37% 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.