Gateway Investment Advisers LLC Has $93.63 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Gateway Investment Advisers LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 100,401 shares of the Internet television network’s stock after purchasing an additional 333 shares during the period. Netflix makes up about 1.1% of Gateway Investment Advisers LLC’s portfolio, making the stock its 20th largest holding. Gateway Investment Advisers LLC’s holdings in Netflix were worth $93,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NFLX. Pathway Financial Advisers LLC increased its stake in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the period. Brown Shipley& Co Ltd bought a new position in shares of Netflix in the fourth quarter worth $27,000. Transce3nd LLC bought a new position in shares of Netflix in the fourth quarter worth $32,000. Pineridge Advisors LLC raised its stake in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Finally, Copia Wealth Management bought a new stake in Netflix during the fourth quarter worth about $37,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Netflix stock opened at $1,241.47 on Friday. The stock’s 50 day moving average is $1,087.80 and its 200 day moving average is $987.81. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The firm has a market cap of $528.33 billion, a P/E ratio of 62.61, a P/E/G ratio of 2.12 and a beta of 1.59. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the previous year, the company earned $8.28 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have commented on NFLX. Phillip Securities raised shares of Netflix from a “moderate sell” rating to a “hold” rating in a report on Monday, April 21st. UBS Group lifted their price objective on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a “buy” rating in a research note on Wednesday. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an “overweight” rating in a research note on Monday, April 21st. Rosenblatt Securities raised their target price on Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a report on Monday, April 21st. Finally, Loop Capital reissued a “hold” rating on shares of Netflix in a report on Monday, March 24th. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,149.91.

Insider Buying and Selling at Netflix

In other Netflix news, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $1,211.67, for a total value of $3,151,553.67. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $4,472,273.97. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 153,390 shares of company stock valued at $170,509,439. 1.37% of the stock is currently owned by insiders.

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.