Northwest & Ethical Investments L.P. Purchases New Shares in Netflix, Inc. (NASDAQ:NFLX)

Northwest & Ethical Investments L.P. purchased a new stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,244 shares of the Internet television network's stock, valued at approximately $4,674,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Nordea Investment Management AB increased its stake in shares of Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after buying an additional 156,958 shares during the period. First National Trust Co increased its position in Netflix by 1.0% in the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after purchasing an additional 12 shares during the period. Haven Private LLC bought a new stake in Netflix during the 4th quarter worth about $733,000. Charles Schwab Investment Management Inc. lifted its position in Netflix by 1.2% during the 3rd 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 purchasing an additional 29,726 shares during the period. Finally, Sigma Planning Corp boosted its stake in shares of Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after purchasing an additional 386 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 30,485 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the completion of the sale, the chairman now owns 394 shares of the company's stock, valued at $386,876.48. This trade represents a 98.72 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock valued at $279,142,041 in the last quarter. Company insiders own 1.76% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts recently weighed in on NFLX shares. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Canaccord Genuity Group upgraded shares of Netflix from a "hold" rating to a "buy" rating and upped their target price for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. KeyCorp raised their price target on Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. UBS Group reiterated a "buy" rating on shares of Netflix in a report on Monday, March 10th. Finally, Piper Sandler restated an "overweight" rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,016.78.

Netflix Stock Up 1.2 %

NASDAQ NFLX traded up $11.70 during trading hours on Monday, hitting $971.99. 4,668,785 shares of the company traded hands, compared to its average volume of 3,481,433. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business's 50-day moving average is $959.08 and its 200-day moving average is $859.06. The stock has a market capitalization of $415.78 billion, a price-to-earnings ratio of 49.02, a P/E/G 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.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $10.25 billion for 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 business's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.11 EPS. Sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.