Netflix, Inc. (NASDAQ:NFLX) Stock Position Lifted by BSN CAPITAL PARTNERS Ltd

BSN CAPITAL PARTNERS Ltd boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 250,000 shares of the Internet television network’s stock after purchasing an additional 49,000 shares during the period. Netflix comprises approximately 11.5% of BSN CAPITAL PARTNERS Ltd’s holdings, making the stock its 6th largest holding. BSN CAPITAL PARTNERS Ltd owned about 0.06% of Netflix worth $155,185,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NFLX. Norges Bank purchased a new position in shares of Netflix during the 4th quarter worth approximately $2,558,598,000. Wellington Management Group LLP boosted its position in shares of Netflix by 540.9% in the 4th quarter. Wellington Management Group LLP now owns 3,878,785 shares of the Internet television network’s stock worth $1,888,503,000 after purchasing an additional 3,273,592 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of 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 shares of 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. Finally, Global Assets Advisory LLC bought a new stake in shares of Netflix in the 1st quarter worth approximately $436,514,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.81, for a total transaction of $758,889.18. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,772,972.90. The disclosure for this sale can be found here. Insiders sold a total of 69,425 shares of company stock worth $41,919,791 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Down 1.4 %

NFLX stock traded down $9.30 during trading on Friday, hitting $675.04. 1,643,273 shares of the company’s stock traded hands, compared to its average volume of 3,977,771. The firm has a market capitalization of $290.94 billion, a P/E ratio of 47.45, a PEG ratio of 1.46 and a beta of 1.26. The business has a fifty day simple moving average of $625.06 and a two-hundred day simple moving average of $581.29. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1 year low of $344.73 and a 1 year high of $689.88.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Sanford C. Bernstein boosted their price target on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. Barclays boosted their price target on Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. Jefferies Financial Group reissued a “buy” rating and issued a $655.00 price target on shares of Netflix in a research report on Wednesday, May 15th. Finally, Morgan Stanley boosted their price target on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $633.53.

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.