AIA Group Ltd Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

AIA Group Ltd boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,394 shares of the Internet television network's stock after buying an additional 568 shares during the quarter. AIA Group Ltd's holdings in Netflix were worth $20,852,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC bought a new stake in Netflix in the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC increased its position in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. Princeton Global Asset Management LLC raised its holdings in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new position in Netflix during the 4th quarter worth approximately $43,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent analyst reports. BMO Capital Markets reiterated an "outperform" rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research 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 objective on the stock in a research note on Thursday, January 23rd. Benchmark upgraded Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. KeyCorp lifted their target price on Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Finally, Bank of America raised their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research 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 assigned a strong buy rating to the company. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and a consensus target price of $1,021.02.

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Netflix Stock Performance

Shares of NFLX traded down $4.15 during trading hours on Tuesday, hitting $928.38. The company's stock had a trading volume of 3,514,962 shares, compared to its average volume of 3,587,057. The business has a 50 day simple moving average of $973.23 and a two-hundred day simple moving average of $871.15. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $397.12 billion, a price-to-earnings ratio of 46.82, a PEG ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business earned $2.11 EPS. Netflix's revenue was up 16.0% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, Director Strive Masiyiwa sold 2,813 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their position. 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 owned by company insiders.

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.