GQG Partners LLC Has $1.70 Billion Holdings in Netflix, Inc. (NASDAQ:NFLX)

GQG Partners LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,905,043 shares of the Internet television network's stock after acquiring an additional 253,594 shares during the quarter. Netflix accounts for about 2.5% of GQG Partners LLC's investment portfolio, making the stock its 14th largest holding. GQG Partners LLC owned about 0.45% of Netflix worth $1,698,003,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. West Michigan Advisors LLC grew its stake in Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after buying an additional 10 shares during the last quarter. Warwick Investment Management Inc. lifted its holdings in shares of Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC boosted its stake in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares in the last quarter. Enzi Wealth boosted its position in Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after buying an additional 11 shares in the last quarter. Finally, TCI Wealth Advisors Inc. grew its holdings in shares of Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock worth $624,000 after purchasing an additional 11 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the firm's stock in a transaction dated Thursday, January 2nd. The shares were 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. This trade represents a 99.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction dated 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 have sold 288,103 shares of company stock valued at $279,142,041 over the last ninety days. Corporate insiders own 1.76% of the company's stock.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $25.29 during trading on Tuesday, reaching $997.28. The company had a trading volume of 3,775,858 shares, compared to its average volume of 3,487,108. The stock has a market capitalization of $426.59 billion, a PE ratio of 50.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a 50-day moving average price of $965.09 and a two-hundred day moving average price of $863.43.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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 analysts' expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.11 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on NFLX. The Goldman Sachs Group raised their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Phillip Securities lowered Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. Barclays upgraded Netflix from an "underweight" rating to an "equal weight" rating and upped their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Wolfe Research upgraded shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price for the company in a research report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,016.78.

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.