Metis Global Partners LLC Raises Position in Netflix, Inc. (NASDAQ:NFLX)

Metis Global Partners LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,840 shares of the Internet television network’s stock after acquiring an additional 483 shares during the period. Netflix makes up about 0.7% of Metis Global Partners LLC’s portfolio, making the stock its 21st biggest holding. Metis Global Partners LLC’s holdings in Netflix were worth $22,140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NFLX. AMF Tjanstepension AB lifted its holdings in Netflix by 7.4% during the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares in the last quarter. Swedbank AB lifted its holdings in Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares in the last quarter. HM Payson & Co. lifted its holdings in Netflix by 5.2% during the third quarter. HM Payson & Co. now owns 1,557 shares of the Internet television network’s stock valued at $1,104,000 after purchasing an additional 77 shares in the last quarter. Reston Wealth Management LLC purchased a new position in Netflix during the third quarter valued at $117,000. Finally, Oak Ridge Investments LLC lifted its holdings in Netflix by 7.6% during the third quarter. Oak Ridge Investments LLC now owns 19,010 shares of the Internet television network’s stock valued at $13,483,000 after purchasing an additional 1,350 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NFLX shares. Evercore ISI increased their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Bank of America increased their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Morgan Stanley increased their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Loop Capital increased their target price on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction 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 firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 303,380 shares of company stock worth $290,016,164 over the last 90 days. 1.76% of the stock is owned by insiders.

Netflix Stock Up 1.8 %

Shares of Netflix stock opened at $980.56 on Friday. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The company has a 50 day moving average of $947.72 and a 200 day moving average of $830.81. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $419.44 billion, a P/E ratio of 49.45, a P/E/G ratio of 2.12 and a beta of 1.27.

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

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.