Knights of Columbus Asset Advisors LLC Increases Position in Netflix, Inc. (NASDAQ:NFLX)

Knights of Columbus Asset Advisors LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,160 shares of the Internet television network’s stock after acquiring an additional 435 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Netflix were worth $5,920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. State Street Corp grew its stake in Netflix by 0.4% during the 1st quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock worth $5,595,196,000 after buying an additional 62,507 shares during the last quarter. Morgan Stanley grew its stake in Netflix by 11.1% during the 4th quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock worth $1,906,005,000 after buying an additional 644,162 shares during the last quarter. Norges Bank purchased a new position in Netflix during the 4th quarter worth $1,501,762,000. Northern Trust Corp grew its stake in Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after buying an additional 96,938 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Netflix by 24.3% during the 3rd quarter. Jennison Associates LLC now owns 3,878,293 shares of the Internet television network’s stock worth $1,464,444,000 after buying an additional 759,378 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

Shares of Netflix stock traded down $53.51 on Friday, hitting $557.05. The company’s stock had a trading volume of 12,189,521 shares, compared to its average volume of 4,395,945. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The firm has a fifty day moving average price of $605.77 and a 200-day moving average price of $511.86. The company has a market capitalization of $241.07 billion, a price-to-earnings ratio of 46.42, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the previous year, the business earned $2.88 EPS. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Netflix, Inc. will post 17.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the topic of several research analyst reports. Wedbush restated an “outperform” rating and set a $725.00 target price on shares of Netflix in a research note on Friday. Sanford C. Bernstein boosted their target price on Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a research note on Friday. Seaport Res Ptn cut Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Guggenheim lifted their price target on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley lifted their price target on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $630.58.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The disclosure for this sale can be found here. In the last three months, insiders sold 268,335 shares of company stock worth $151,619,811. Corporate insiders own 2.45% of the company’s stock.

Netflix Profile

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.