Voyager Global Management LP Acquires 9,000 Shares of Netflix, Inc. (NASDAQ:NFLX)

Voyager Global Management LP grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 110,000 shares of the Internet television network’s stock after buying an additional 9,000 shares during the quarter. Netflix makes up 3.9% of Voyager Global Management LP’s portfolio, making the stock its 10th largest position. Voyager Global Management LP’s holdings in Netflix were worth $98,045,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NFLX. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter valued at $32,000. Newton One Investments LLC bought a new position in shares of Netflix in the 4th quarter worth $34,000. Pineridge Advisors LLC grew its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC increased its holdings in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after purchasing an additional 16 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

NASDAQ NFLX opened at $1,096.87 on Friday. The stock has a market cap of $469.19 billion, a PE ratio of 55.31, a P/E/G ratio of 2.12 and a beta of 1.55. 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 firm has a 50-day moving average of $954.61 and a 200-day moving average of $901.03. Netflix, Inc. has a 52-week low of $544.25 and a 52-week high of $1,101.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the business posted $8.28 earnings per share. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now 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 sold 273,855 shares of company stock worth $267,474,816 in the last ninety days. 1.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. KeyCorp boosted their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a report on Monday. Morgan Stanley increased their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday. Piper Sandler set a $1,150.00 price target on shares of Netflix in a report on Monday. Finally, JPMorgan Chase & Co. raised their price objective on Netflix from $1,025.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,072.12.

Netflix 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.