1,570 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Pilgrim Partners Asia Pte Ltd

Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,570 shares of the Internet television network's stock, valued at approximately $1,399,000. Netflix comprises about 1.2% of Pilgrim Partners Asia Pte Ltd's holdings, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its position in shares of Netflix by 13.3% during the third 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 during the last quarter. Texas Capital Bank Wealth Management Services Inc bought a new stake in Netflix during the 3rd quarter valued at about $248,000. Tenzing Global Management LLC boosted its position in Netflix by 11.1% in the 3rd quarter. Tenzing Global Management LLC now owns 12,500 shares of the Internet television network's stock valued at $8,866,000 after buying an additional 1,250 shares during the period. Temasek Holdings Private Ltd grew its stake in Netflix by 61.0% in the 3rd quarter. Temasek Holdings Private Ltd now owns 46,092 shares of the Internet television network's stock worth $32,692,000 after acquiring an additional 17,458 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new position in shares of Netflix during the third quarter worth approximately $878,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company's stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 274,312 shares of company stock valued at $267,919,297 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research reports. The Goldman Sachs Group boosted their price target on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Loop Capital restated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Evercore ISI lifted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Ten equities research 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,017.31.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $5.28 during midday trading on Wednesday, hitting $865.12. The stock had a trading volume of 1,839,113 shares, compared to its average volume of 3,644,560. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $963.96 and a 200-day simple moving average of $879.39. The company has a market capitalization of $370.06 billion, a PE ratio of 43.47, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results 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 business 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%. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.11 earnings per share. On average, sell-side 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.