Capital World Investors Purchases 16,368 Shares of Netflix, Inc. (NASDAQ:NFLX)

Capital World Investors grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,779,624 shares of the Internet television network's stock after purchasing an additional 16,368 shares during the period. Netflix comprises about 1.6% of Capital World Investors' investment portfolio, making the stock its 11th biggest holding. Capital World Investors owned 2.75% of Netflix worth $10,499,545,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coastline Trust Co lifted its position in Netflix by 0.5% during the fourth quarter. Coastline Trust Co now owns 11,662 shares of the Internet television network's stock valued at $10,395,000 after purchasing an additional 60 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Netflix by 7.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 987,923 shares of the Internet television network's stock valued at $880,649,000 after acquiring an additional 66,840 shares during the period. Dnca Finance grew its stake in shares of Netflix by 70.1% during the 4th quarter. Dnca Finance now owns 16,177 shares of the Internet television network's stock valued at $14,419,000 after purchasing an additional 6,664 shares during the period. Elevatus Welath Management purchased a new stake in shares of Netflix during the 4th quarter valued at about $373,000. Finally, Epoch Investment Partners Inc. boosted its holdings in shares of Netflix by 23.7% in the fourth quarter. Epoch Investment Partners Inc. now owns 673 shares of the Internet television network's stock worth $600,000 after buying an additional 129 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the company's stock in a transaction dated 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 owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is currently owned by corporate insiders.

Netflix Trading Up 1.2 %

Shares of NFLX opened at $973.03 on Friday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The firm has a market capitalization of $416.22 billion, a P/E ratio of 49.07, a P/E/G ratio of 2.12 and a beta of 1.55. The firm has a 50-day moving average price of $954.87 and a 200 day moving average price of $891.82. 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 (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the firm posted $8.28 earnings per share. Sell-side analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on NFLX. Arete Research upgraded shares of Netflix to a "hold" rating in a research note on Thursday, January 23rd. Guggenheim restated a "buy" rating and issued a $1,150.00 price target on shares of Netflix in a research report on Friday. Piper Sandler began coverage on Netflix in a research report on Thursday. They set an "overweight" rating and a $1,100.00 price objective on the stock. Evercore ISI increased their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Ten investment 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 company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,023.49.

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.

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