PGGM Investments Purchases 920 Shares of Netflix, Inc. (NASDAQ:NFLX)

PGGM Investments increased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,726 shares of the Internet television network's stock after purchasing an additional 920 shares during the quarter. PGGM Investments' holdings in Netflix were worth $43,430,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Swedbank AB grew its holdings in shares of Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network's stock worth $329,958,000 after purchasing an additional 8,024 shares during the last quarter. Principal Financial Group Inc. lifted its position in Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock worth $1,200,485,000 after buying an additional 198,148 shares in the last quarter. Savvy Advisors Inc. grew its holdings in Netflix by 43.5% during the 3rd quarter. Savvy Advisors Inc. now owns 953 shares of the Internet television network's stock worth $676,000 after acquiring an additional 289 shares during the last quarter. Live Oak Investment Partners grew its holdings in Netflix by 1.5% during the 3rd quarter. Live Oak Investment Partners now owns 3,270 shares of the Internet television network's stock worth $2,319,000 after acquiring an additional 49 shares during the last quarter. Finally, Future Fund LLC raised its stake in shares of Netflix by 16.4% in the third quarter. Future Fund LLC now owns 2,258 shares of the Internet television network's stock worth $1,707,000 after acquiring an additional 318 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 2.7 %

NASDAQ NFLX opened at $919.68 on Thursday. The stock has a market capitalization of $393.40 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The stock's 50 day moving average price is $950.23 and its two-hundred day moving average price is $845.78. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate 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 net margin of 22.34% and a return on equity of 38.32%. The firm's revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 30,485 shares of the business's stock in a transaction that occurred 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 transaction, the chairman now owns 394 shares of the company's stock, valued at $386,876.48. The trade was a 98.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the sale, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock worth $279,142,041 in the last three months. Insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several research analyst reports. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and increased their price target for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Piper Sandler reiterated an "overweight" rating and issued a $1,100.00 price objective (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Pivotal Research boosted their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Guggenheim raised their price target on Netflix from $950.00 to $1,100.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Finally, Argus lifted their price objective on Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,014.26.

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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