95 Shares in Netflix, Inc. (NASDAQ:NFLX) Acquired by Sachetta LLC

Sachetta LLC acquired a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 95 shares of the Internet television network’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Norges Bank acquired a new stake in Netflix in the fourth quarter worth approximately $2,558,598,000. International Assets Investment Management LLC lifted its position in shares of Netflix by 15,039.1% during the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after acquiring an additional 1,573,978 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after acquiring an additional 392,427 shares during the last quarter. Finally, Alecta Tjanstepension Omsesidigt lifted its position in shares of Netflix by 171.4% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock valued at $231,258,000 after acquiring an additional 300,000 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on NFLX. Jefferies Financial Group reiterated a “buy” rating and set a $655.00 price objective on shares of Netflix in a research report on Wednesday, May 15th. Morgan Stanley increased their target price on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Pivotal Research increased their target price on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. Benchmark increased their target price on Netflix from $440.00 to $450.00 and gave the company a “sell” rating in a report on Friday, May 17th. Finally, StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $630.53.

Insiders Place Their Bets

In other news, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 564 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 78,039 shares of company stock valued at $46,401,083. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX opened at $647.22 on Wednesday. The firm has a market cap of $278.95 billion, a price-to-earnings ratio of 45.15, a PEG ratio of 1.55 and a beta of 1.23. The company has a 50 day moving average of $605.71 and a 200-day moving average of $546.17. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $650.88.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $2.88 earnings per share. On average, equities analysts forecast that Netflix, Inc. will post 18.31 earnings per share 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.