Cardano Risk Management B.V. Invests $106.41 Million in Netflix, Inc. (NASDAQ:NFLX)

Cardano Risk Management B.V. purchased a new position in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 119,387 shares of the Internet television network’s stock, valued at approximately $106,412,000. Netflix comprises about 1.6% of Cardano Risk Management B.V.’s holdings, making the stock its 19th largest holding.

A number of other institutional investors have also recently made changes to their positions in NFLX. International Assets Investment Management LLC grew its holdings in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Netflix by 154.7% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after acquiring an additional 642,920 shares during the last quarter. State Street Corp grew its holdings in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Jennison Associates LLC grew its holdings in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after acquiring an additional 316,594 shares during the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Netflix in the 3rd quarter worth $222,871,000. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock valued at $131,030,268 over the last three months. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NFLX shares. Canaccord Genuity Group raised their price target on shares of Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a report on Monday, December 2nd. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Rosenblatt Securities raised their target price on shares of Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research report on Friday, October 18th. Guggenheim raised their target price on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research report on Tuesday, October 29th. Finally, Wells Fargo & Company raised their target price on shares of Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $824.00.

Netflix Stock Performance

Shares of NFLX stock traded down $3.18 during trading hours on Monday, reaching $834.51. The company had a trading volume of 1,174,343 shares, compared to its average volume of 2,801,537. The business has a fifty day moving average price of $878.06 and a 200-day moving average price of $753.78. Netflix, Inc. has a one year low of $475.26 and a one year high of $941.75. The firm has a market cap of $356.72 billion, a PE ratio of 47.23, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Sell-side analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Netflix 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.