Royal London Asset Management Ltd. Raises Position in Netflix, Inc. (NASDAQ:NFLX)

Royal London Asset Management Ltd. increased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 279,862 shares of the Internet television network's stock after purchasing an additional 2,267 shares during the quarter. Netflix accounts for about 0.6% of Royal London Asset Management Ltd.'s holdings, making the stock its 25th largest holding. Royal London Asset Management Ltd. owned 0.07% of Netflix worth $249,447,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Nordea Investment Management AB raised its holdings in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after acquiring an additional 156,958 shares during the last quarter. First National Trust Co raised its holdings in shares of Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after acquiring an additional 12 shares during the last quarter. Haven Private LLC acquired a new position in shares of Netflix during the fourth quarter valued at approximately $733,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network's stock valued at $1,829,494,000 after acquiring an additional 29,726 shares during the last quarter. Finally, Sigma Planning Corp raised its holdings in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after acquiring an additional 386 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

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Netflix Stock Performance

Shares of NFLX traded up $9.45 during midday trading on Friday, reaching $960.29. 5,895,581 shares of the stock were exchanged, compared to its average volume of 3,476,641. The business's 50-day moving average price is $959.08 and its 200 day moving average price is $857.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a market capitalization of $410.77 billion, a price-to-earnings ratio of 48.43, a PEG ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the previous year, the firm earned $2.11 earnings per share. The business's revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on 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. In the last 90 days, insiders have sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of analyst reports. Phillip Securities lowered Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. Argus upped their price target on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Benchmark upgraded Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Moffett Nathanson upgraded Netflix from a "neutral" rating to a "buy" rating and upped their price target for the company from $850.00 to $1,100.00 in a research report on Monday, March 17th. Finally, Barclays upgraded Netflix from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock 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.