Capital International Sarl Acquires New Holdings in Netflix, Inc. (NASDAQ:NFLX)
Capital International Sarl acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,750 shares of the Internet television network’s stock, valued at approximately $2,508,000.
A number of other hedge funds also recently modified their holdings of the stock. Great Diamond Partners LLC purchased a new stake in Netflix in the fourth quarter valued at about $29,000. Duncker Streett & Co. Inc. purchased a new stake in Netflix in the fourth quarter valued at about $34,000. Islay Capital Management LLC purchased a new stake in Netflix in the fourth quarter valued at about $40,000. Mine & Arao Wealth Creation & Management LLC. purchased a new stake in Netflix in the fourth quarter valued at about $49,000. Finally, CX Institutional raised its stake in Netflix by 36.6% in the fourth quarter. CX Institutional now owns 179 shares of the Internet television network’s stock valued at $58,000 after buying an additional 48 shares during the last quarter. 81.79% of the stock is currently owned by institutional investors.
NFLX stock traded up $6.98 during trading on Thursday, hitting $349.37. 3,221,943 shares of the company traded hands, compared to its average volume of 9,558,347. The stock’s 50-day simple moving average is $362.02 and its 200 day simple moving average is $318.50. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $154.16 billion, a PE ratio of 84.59, a P/E/G ratio of 1.97 and a beta of 1.27. Netflix, Inc. has a 1 year low of $252.28 and a 1 year high of $393.52.
In other Netflix news, CEO Reed Hastings sold 83,692 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $336.61, for a total value of $28,171,564.12. Following the sale, the chief executive officer now directly owns 83,692 shares of the company’s stock, valued at $28,171,564.12. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 1,894 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $371.75, for a total value of $704,094.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 220,560 shares of company stock worth $79,422,333. 4.29% of the stock is owned by corporate insiders.
A number of research firms have commented on NFLX. Citigroup increased their price target on Netflix from $325.00 to $350.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. UBS Group set a $400.00 price objective on Netflix and gave the stock a “buy” rating in a research note on Thursday, January 23rd. BidaskClub upgraded Netflix from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. set a $410.00 price objective on Netflix and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Finally, TheStreet upgraded Netflix from a “c” rating to a “b-” rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Netflix currently has an average rating of “Buy” and an average target price of $381.58.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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