Voya Financial Advisors Inc. Increases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Voya Financial Advisors Inc. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 37.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,117 shares of the Internet television network's stock after acquiring an additional 307 shares during the quarter. Voya Financial Advisors Inc.'s holdings in Netflix were worth $1,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Nordea Investment Management AB lifted its position in 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 purchasing an additional 156,958 shares during the last quarter. First National Trust Co raised its position in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after buying an additional 12 shares in the last quarter. Haven Private LLC purchased a new stake in shares of Netflix during the 4th quarter valued at $733,000. Sigma Planning Corp lifted its holdings in shares of Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after acquiring an additional 386 shares during the last quarter. Finally, Quilter Plc grew its position in Netflix by 8.2% in the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock worth $128,133,000 after acquiring an additional 10,946 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the company's 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 transaction, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 273,855 shares of company stock worth $267,474,816 in the last quarter. Corporate insiders own 1.76% of the company's stock.

Netflix Stock Up 0.4 %

Shares of NFLX stock traded up $4.66 during trading hours on Friday, hitting $1,101.53. 3,944,668 shares of the company's stock traded hands, compared to its average volume of 3,708,273. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock's fifty day simple moving average is $955.92 and its two-hundred day simple moving average is $904.88. Netflix, Inc. has a 12-month low of $544.25 and a 12-month high of $1,106.80. The stock has a market cap of $468.78 billion, a price-to-earnings ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the previous year, the business earned $8.28 earnings per share. On average, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have weighed in on NFLX. Pivotal Research raised their price target on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an "overweight" rating in a report on Monday, April 21st. Bank of America upped their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Arete Research upgraded shares of Netflix to a "hold" rating in a report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $1,072.12.

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.