Alphinity Investment Management Pty Ltd Has $950.61 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Alphinity Investment Management Pty Ltd increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,066,518 shares of the Internet television network’s stock after buying an additional 5,545 shares during the quarter. Netflix comprises approximately 5.2% of Alphinity Investment Management Pty Ltd’s holdings, making the stock its 5th largest position. Alphinity Investment Management Pty Ltd owned 0.25% of Netflix worth $950,609,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC grew its stake in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Netflix by 2.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 29,515 shares of the Internet television network’s stock worth $26,307,000 after purchasing an additional 765 shares in the last quarter. Kovack Advisors Inc. grew its stake in shares of Netflix by 4.8% in the fourth quarter. Kovack Advisors Inc. now owns 2,224 shares of the Internet television network’s stock worth $1,982,000 after purchasing an additional 101 shares in the last quarter. WT Wealth Management grew its stake in shares of Netflix by 2.4% in the fourth quarter. WT Wealth Management now owns 3,438 shares of the Internet television network’s stock worth $3,064,000 after purchasing an additional 81 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. grew its stake in shares of Netflix by 2.4% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 173,200 shares of the Internet television network’s stock worth $154,377,000 after purchasing an additional 4,000 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Bank of America increased their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Piper Sandler reissued an “overweight” rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Finally, Morgan Stanley upped their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,220 shares of company stock worth $289,856,164. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.3 %

NFLX opened at $990.06 on Thursday. The firm’s 50-day simple moving average is $945.07 and its 200-day simple moving average is $827.46. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The firm has a market cap of $423.51 billion, a price-to-earnings ratio of 49.93, a PEG ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the previous year, the company posted $2.11 EPS. Netflix’s revenue was up 16.0% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.