Kiwi Wealth Investments Limited Partnership Takes Position in Netflix, Inc. (NFLX)

Kiwi Wealth Investments Limited Partnership purchased a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, HoldingsChannel reports. The institutional investor purchased 18,856 shares of the Internet television network’s stock, valued at approximately $5,569,000.

Several other large investors have also recently bought and sold shares of the company. BlackRock Inc. lifted its position in Netflix by 4.2% during the first quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock valued at $7,920,289,000 after purchasing an additional 1,069,420 shares during the period. Baillie Gifford & Co. lifted its position in Netflix by 12.0% during the first quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after purchasing an additional 837,285 shares during the period. Geode Capital Management LLC lifted its position in Netflix by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 4,400,513 shares of the Internet television network’s stock valued at $842,878,000 after purchasing an additional 143,321 shares during the period. Bank of New York Mellon Corp lifted its position in Netflix by 4.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,798,067 shares of the Internet television network’s stock valued at $729,077,000 after purchasing an additional 159,750 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its position in Netflix by 2.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,565,543 shares of the Internet television network’s stock valued at $757,733,000 after purchasing an additional 59,075 shares during the period. Hedge funds and other institutional investors own 77.34% of the company’s stock.

Several research analysts have weighed in on NFLX shares. Vetr downgraded shares of Netflix from a “hold” rating to a “sell” rating and set a $266.74 price target on the stock. in a research report on Thursday, February 22nd. Raymond James increased their price target on shares of Netflix from $290.00 to $330.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 10th. Royal Bank of Canada set a $360.00 price target on shares of Netflix and gave the stock a “buy” rating in a research report on Tuesday, April 17th. Bank of America increased their price target on shares of Netflix from $300.00 to $347.00 and gave the stock a “buy” rating in a research report on Tuesday, April 17th. Finally, Macquarie increased their price target on shares of Netflix from $275.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, March 5th. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $297.58.

Shares of Netflix stock opened at $386.99 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.63. Netflix, Inc. has a 52-week low of $144.25 and a 52-week high of $384.25. The company has a market capitalization of $157.12 billion, a PE ratio of 307.37, a PEG ratio of 4.71 and a beta of 1.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the previous year, the firm earned $0.40 EPS. The company’s quarterly revenue was up 40.3% compared to the same quarter last year. equities research analysts expect that Netflix, Inc. will post 2.88 earnings per share for the current fiscal year.

In other Netflix news, CEO Reed Hastings sold 75,271 shares of the business’s stock in a transaction that occurred on Tuesday, March 20th. The shares were sold at an average price of $316.98, for a total transaction of $23,859,401.58. Following the sale, the chief executive officer now owns 75,271 shares of the company’s stock, valued at approximately $23,859,401.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Thursday, April 5th. The stock was sold at an average price of $283.39, for a total transaction of $198,373.00. Following the sale, the director now directly owns 7,393 shares in the company, valued at approximately $2,095,102.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 268,318 shares of company stock worth $87,229,470. Insiders own 4.29% of the company’s stock.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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