Netflix, Inc. (NASDAQ:NFLX) Shares Bought by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 40,185 shares of the Internet television network’s stock after purchasing an additional 193 shares during the quarter. Netflix comprises about 0.6% of Elo Mutual Pension Insurance Co’s investment portfolio, making the stock its 27th largest position. Elo Mutual Pension Insurance Co’s holdings in Netflix were worth $27,120,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. M&G Plc acquired a new stake in shares of Netflix during the 1st quarter valued at approximately $9,682,000. BSN CAPITAL PARTNERS Ltd raised its holdings in Netflix by 24.4% during the first quarter. BSN CAPITAL PARTNERS Ltd now owns 250,000 shares of the Internet television network’s stock worth $155,185,000 after purchasing an additional 49,000 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Netflix during the fourth quarter worth $9,513,000. Scotia Capital Inc. increased its position in shares of Netflix by 9.1% in the fourth quarter. Scotia Capital Inc. now owns 25,351 shares of the Internet television network’s stock valued at $12,343,000 after buying an additional 2,110 shares in the last quarter. Finally, Focus Financial Network Inc. ADV purchased a new position in shares of Netflix in the fourth quarter valued at $3,700,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, Chairman Reed Hastings sold 22,526 shares of the company’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the sale, the chairman now owns 57 shares in the company, valued at approximately $38,217.93. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Chairman Reed Hastings sold 22,526 shares of the stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $670.49, for a total value of $15,103,457.74. Following the completion of the sale, the chairman now directly owns 57 shares of the company’s stock, valued at approximately $38,217.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,043,019.60. The disclosure for this sale can be found here. Insiders sold a total of 196,798 shares of company stock valued at $129,552,672 over the last three months. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on NFLX shares. Rosenblatt Securities increased their price objective on shares of Netflix from $554.00 to $635.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. Jefferies Financial Group upped their target price on shares of Netflix from $655.00 to $780.00 and gave the company a “buy” rating in a report on Tuesday, July 16th. TD Cowen lifted their price target on shares of Netflix from $725.00 to $775.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. China Renaissance began coverage on shares of Netflix in a research note on Thursday, September 5th. They set a “hold” rating and a $680.00 price objective on the stock. Finally, Redburn Atlantic lifted their target price on shares of Netflix from $740.00 to $760.00 and gave the company a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $685.29.

Netflix Trading Up 1.5 %

Shares of Netflix stock opened at $706.91 on Wednesday. The business has a fifty day simple moving average of $660.64 and a 200-day simple moving average of $639.15. The firm has a market cap of $304.68 billion, a price-to-earnings ratio of 49.06, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $711.33. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.55.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business had revenue of $9.56 billion for the quarter, compared to the consensus estimate of $9.53 billion. During the same period in the previous year, the firm earned $3.29 EPS. The business’s revenue for the quarter was up 16.8% on a year-over-year basis. On average, equities analysts forecast that Netflix, Inc. will post 19.08 EPS for the current fiscal 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.