Schroder Investment Management Group Buys 165,808 Shares of Netflix, Inc. (NASDAQ:NFLX)

Schroder Investment Management Group lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 12.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,498,474 shares of the Internet television network’s stock after purchasing an additional 165,808 shares during the quarter. Netflix accounts for approximately 1.3% of Schroder Investment Management Group’s holdings, making the stock its 11th biggest position. Schroder Investment Management Group’s holdings in Netflix were worth $1,335,620,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. Fiduciary Trust Co increased its holdings in Netflix by 12.7% in the 3rd quarter. Fiduciary Trust Co now owns 3,010 shares of the Internet television network’s stock worth $2,135,000 after buying an additional 339 shares in the last quarter. Martingale Asset Management L P increased its holdings in Netflix by 322.3% in the 3rd quarter. Martingale Asset Management L P now owns 4,438 shares of the Internet television network’s stock worth $3,148,000 after buying an additional 3,387 shares in the last quarter. Circle Wealth Management LLC lifted its stake in Netflix by 26.3% during the 3rd quarter. Circle Wealth Management LLC now owns 7,098 shares of the Internet television network’s stock valued at $5,034,000 after acquiring an additional 1,480 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Netflix by 2.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 328,982 shares of the Internet television network’s stock valued at $233,337,000 after acquiring an additional 7,127 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on NFLX shares. Loop Capital restated a “hold” rating on shares of Netflix in a report on Monday, March 24th. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. FBN Securities began coverage on Netflix in a research report on Thursday. They set an “outperform” rating and a $1,165.00 price objective for the company. Pivotal Research raised their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,021.02.

Insider Activity

In other news, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 288,583 shares of company stock worth $279,611,567. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

Shares of Netflix stock opened at $933.85 on Friday. The firm has a market cap of $399.46 billion, a PE ratio of 47.09, a PEG ratio of 2.12 and a beta of 1.38. The stock has a 50 day moving average of $971.74 and a 200 day moving average of $868.10. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted $2.11 earnings per share. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS 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.