Rathbones Group PLC Grows Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Rathbones Group PLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,294 shares of the Internet television network’s stock after acquiring an additional 3,635 shares during the quarter. Rathbones Group PLC’s holdings in Netflix were worth $48,393,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Twin Capital Management Inc. increased its stake in shares of Netflix by 3.5% in the 4th quarter. Twin Capital Management Inc. now owns 7,832 shares of the Internet television network’s stock valued at $6,981,000 after purchasing an additional 264 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Netflix by 2.9% during the fourth quarter. Invesco Ltd. now owns 4,308,201 shares of the Internet television network’s stock valued at $3,839,986,000 after acquiring an additional 119,787 shares during the last quarter. Concentrum Wealth Management acquired a new stake in shares of Netflix in the fourth quarter worth approximately $239,000. Sierra Summit Advisors LLC increased its position in shares of Netflix by 24.1% during the fourth quarter. Sierra Summit Advisors LLC now owns 10,811 shares of the Internet television network’s stock worth $9,636,000 after purchasing an additional 2,099 shares in the last quarter. Finally, Trek Financial LLC raised its stake in Netflix by 830.3% in the 4th quarter. Trek Financial LLC now owns 5,163 shares of the Internet television network’s stock valued at $4,602,000 after purchasing an additional 4,608 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity

In other news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. 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 business’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold 280,676 shares of company stock valued at $273,515,672 in the last three months. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

NASDAQ NFLX opened at $855.86 on Monday. The firm has a market cap of $366.10 billion, a P/E ratio of 43.16, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The business’s 50-day moving average price is $970.24 and its 200 day moving average price is $877.11. 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 announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for 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 was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.11 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent research reports. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and increased their target price for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and increased their price target for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Finally, The Goldman Sachs Group raised their target price on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,023.74.

Netflix Company 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.