Netflix, Inc. (NASDAQ:NFLX) Stake Boosted by Napean Trading & Investment Co Singapore PTE Ltd

Napean Trading & Investment Co Singapore PTE Ltd lifted its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,734 shares of the Internet television network’s stock after acquiring an additional 997 shares during the period. Netflix makes up about 5.0% of Napean Trading & Investment Co Singapore PTE Ltd’s holdings, making the stock its 5th largest holding. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Netflix were worth $20,263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new stake in Netflix in the 3rd quarter worth approximately $25,000. Pathway Financial Advisers LLC raised its position in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Newton One Investments LLC purchased a new stake in Netflix in the 4th quarter worth approximately $34,000. Pineridge Advisors LLC grew its position in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, FSA Wealth Management LLC purchased a new position in shares of Netflix during the third quarter valued at approximately $38,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 1.0 %

Netflix stock opened at $960.29 on Monday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The firm has a market capitalization of $410.77 billion, a price-to-earnings ratio of 48.43, a P/E/G ratio of 2.12 and a beta of 1.38. The firm has a 50 day moving average of $959.08 and a 200 day moving average of $859.06. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results 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 return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the company posted $2.11 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 30,485 shares of Netflix stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the completion of the transaction, the chairman now directly owns 394 shares of the company’s stock, valued at $386,876.48. The trade was a 98.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock valued at $279,142,041 in the last three months. Corporate insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Guggenheim lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Needham & Company LLC boosted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Evercore ISI raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research report on Thursday, January 23rd. Finally, Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,016.78.

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.