New Mexico Educational Retirement Board Has $15.68 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

New Mexico Educational Retirement Board boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 11.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,821 shares of the Internet television network’s stock after buying an additional 2,700 shares during the period. Netflix comprises 0.5% of New Mexico Educational Retirement Board’s portfolio, making the stock its 23rd largest holding. New Mexico Educational Retirement Board’s holdings in Netflix were worth $15,682,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Spartan Planning & Wealth Management acquired a new stake in shares of Netflix in the 3rd quarter valued at $26,000. VitalStone Financial LLC raised its holdings in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC raised its holdings in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after purchasing an additional 62 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of Netflix during the 4th quarter worth about $32,000. Finally, Indiana Trust & Investment Management CO grew its position in shares of Netflix by 112.0% during the 1st quarter. Indiana Trust & Investment Management CO now owns 53 shares of the Internet television network’s stock worth $32,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

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

Netflix Price Performance

Shares of NFLX traded down $9.46 during trading hours on Friday, hitting $674.88. 3,412,391 shares of the company were exchanged, compared to its average volume of 2,746,538. The company has a market cap of $290.87 billion, a price-to-earnings ratio of 46.83, a P/E/G ratio of 1.46 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $689.88. 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’s fifty day moving average is $628.93 and its 200 day moving average is $584.34.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. Netflix’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $2.88 earnings per share. On average, equities analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. Sanford C. Bernstein boosted their target price on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research report on Friday, April 19th. Citigroup boosted their target price on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Macquarie boosted their target price on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Guggenheim boosted their price objective on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Wedbush reiterated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research report on Monday, May 20th. One investment 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.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.