Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 173,200 shares of the Internet television network’s stock after buying an additional 4,000 shares during the period. Netflix makes up about 1.0% of Mn Services Vermogensbeheer B.V.’s investment portfolio, making the stock its 15th largest position. Mn Services Vermogensbeheer B.V.’s holdings in Netflix were worth $154,377,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Crystal Rock Capital Management purchased a new position in Netflix in the 4th quarter valued at about $691,000. K.J. Harrison & Partners Inc raised its position in shares of Netflix by 68.6% during the 4th quarter. K.J. Harrison & Partners Inc now owns 3,440 shares of the Internet television network’s stock valued at $3,050,000 after acquiring an additional 1,400 shares in the last quarter. Flynn Zito Capital Management LLC raised its holdings in shares of Netflix by 123.7% during the fourth quarter. Flynn Zito Capital Management LLC now owns 917 shares of the Internet television network’s stock worth $817,000 after purchasing an additional 507 shares during the period. New York Life Investment Management LLC lifted its holdings in Netflix by 0.4% in the fourth quarter. New York Life Investment Management LLC now owns 57,456 shares of the Internet television network’s stock worth $51,212,000 after acquiring an additional 205 shares during the last quarter. Finally, Allegiance Financial Group Advisory Services LLC bought a new stake in shares of Netflix in the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of analyst reports. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating and issued a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Finally, Wedbush restated an “outperform” rating and set a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Price Performance

NASDAQ NFLX opened at $990.06 on Thursday. The company has a 50 day moving average price of $945.07 and a two-hundred day moving average price of $827.46. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The stock has a market capitalization of $423.51 billion, a PE ratio of 49.93, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.11 earnings per share. As a group, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the company’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. In the last quarter, insiders sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is owned by corporate insiders.

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.