Netflix, Inc. (NASDAQ:NFLX) Stake Boosted by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% in the fourth quarter, HoldingsChannel reports. The firm owned 320,138 shares of the Internet television network’s stock after purchasing an additional 4,386 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Netflix were worth $285,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its stake 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 valued at $1,200,485,000 after purchasing an additional 198,148 shares during the period. McIlrath & Eck LLC boosted its position in shares of Netflix by 13.8% during the third quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network’s stock worth $175,000 after buying an additional 30 shares during the period. Advisory Resource Group grew its holdings in Netflix by 0.7% in the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after buying an additional 12 shares in the last quarter. Virtu Financial LLC increased its position in Netflix by 356.5% in the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network’s stock valued at $9,844,000 after acquiring an additional 10,839 shares during the period. Finally, SOA Wealth Advisors LLC. raised its stake in Netflix by 1.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,515 shares of the Internet television network’s stock valued at $1,075,000 after acquiring an additional 18 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, 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 of the company’s stock, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now owns 394 shares in the company, valued at $362,933.10. This represents a 98.47 % 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 valued at $267,474,816 in the last three months. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.4 %

Shares of Netflix stock opened at $1,101.53 on Monday. Netflix, Inc. has a 12-month low of $544.25 and a 12-month high of $1,106.80. The stock has a market capitalization of $468.78 billion, a P/E ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55. 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 has a 50 day moving average price of $955.92 and a two-hundred day moving average price of $906.10.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NFLX shares. Wells Fargo & Company lifted their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Rosenblatt Securities upped their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research report on Monday, April 21st. Bank of America lifted their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Robert W. Baird upped their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, Phillip Securities raised Netflix from a “moderate sell” rating to a “hold” rating in a report on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.