Netflix, Inc. (NASDAQ:NFLX) Stock Position Increased by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,734 shares of the Internet television network's stock after buying an additional 997 shares during the quarter. Netflix comprises about 5.0% of Napean Trading & Investment Co Singapore PTE Ltd's holdings, making the stock its 5th largest position. Napean Trading & Investment Co Singapore PTE Ltd's holdings in Netflix were worth $20,263,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in NFLX. Vanguard Group Inc. lifted its holdings in Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. State Street Corp grew its stake in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Geode Capital Management LLC lifted its stake in Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock worth $6,464,736,000 after purchasing an additional 123,029 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Netflix by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock valued at $3,473,571,000 after purchasing an additional 23,702 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Netflix by 1.0% during the 4th quarter. Fisher Asset Management LLC now owns 4,527,446 shares of the Internet television network's stock valued at $4,035,404,000 after purchasing an additional 45,507 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Phillip Securities lowered Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. Wedbush reissued an "outperform" rating and set a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Macquarie lifted their target price on shares of Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Citigroup increased their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $1,016.78.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction dated Thursday, January 30th. The shares were 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 of the company's stock, valued at approximately $12,700,583. This represents a 88.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company's stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,583 shares of company stock valued at $279,611,567 over the last quarter. Corporate insiders own 1.76% of the company's stock.

Netflix Stock Up 1.5 %

Netflix stock traded up $14.86 during trading hours on Thursday, hitting $985.51. 730,306 shares of the stock traded hands, compared to its average volume of 3,480,281. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm's 50-day moving average price is $967.54 and its two-hundred day moving average price is $864.18. 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 company has a market cap of $421.56 billion, a PE ratio of 49.63, a PEG ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate 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 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 last year, the firm posted $2.11 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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.