Board of the Pension Protection Fund Invests $89,000 in Netflix, Inc. (NASDAQ:NFLX)

Board of the Pension Protection Fund acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 100 shares of the Internet television network’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Netflix in the third quarter worth approximately $37,000. FSA Wealth Management LLC bought a new position in Netflix during the third quarter valued at approximately $38,000. Finally, First Personal Financial Services purchased a new position in shares of Netflix during the third quarter worth approximately $40,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $848.26 on Thursday. The business has a fifty day moving average price of $881.04 and a 200-day moving average price of $755.96. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $362.60 billion, a PE ratio of 48.01, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, equities analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research reports. Benchmark upped their price objective on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research note on Friday, January 3rd. KeyCorp upped their price target on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Guggenheim lifted their price objective on Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a report on Monday. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Finally, Morgan Stanley lifted their price target on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $845.82.

Insider Activity

In other Netflix news, Director Timothy M. Haley sold 11,090 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock worth $131,030,268 over the last 90 days. 1.76% of the stock is currently owned by insiders.

About Netflix

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.