Voya Financial Advisors Inc. Acquires 307 Shares of Netflix, Inc. (NASDAQ:NFLX)

Voya Financial Advisors Inc. lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 37.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,117 shares of the Internet television network’s stock after acquiring an additional 307 shares during the period. Voya Financial Advisors Inc.’s holdings in Netflix were worth $1,006,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NFLX. Vanguard Group Inc. grew its position in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC grew its position in Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after buying an additional 375,234 shares in the last quarter. Geode Capital Management LLC increased its stake in Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after acquiring an additional 175,596 shares during the last quarter. Norges Bank purchased a new stake in shares of Netflix in the 4th quarter valued at about $5,019,087,000. Finally, Alliancebernstein L.P. boosted its position in shares of Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock valued at $4,582,568,000 after acquiring an additional 82,564 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, Director Ann Mather sold 2,682 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. In the last three months, insiders sold 273,855 shares of company stock valued at $267,474,816. Insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on NFLX shares. Guggenheim reaffirmed a “buy” rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Pivotal Research reaffirmed a “buy” rating and set a $1,350.00 price objective (up from $1,250.00) on shares of Netflix in a report on Thursday, April 17th. Bank of America increased their target price on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Wedbush lifted their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Morgan Stanley increased their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an “overweight” rating in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $1,072.12.

Netflix Price Performance

NASDAQ:NFLX opened at $1,096.87 on Friday. The firm has a market capitalization of $469.19 billion, a price-to-earnings ratio of 55.31, a PEG ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The business has a 50 day simple moving average of $954.61 and a 200-day simple moving average of $901.03. Netflix, Inc. has a 1 year low of $544.25 and a 1 year high of $1,101.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the firm earned $8.28 earnings per share. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current 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.