Illinois Municipal Retirement Fund Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Illinois Municipal Retirement Fund increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,685 shares of the Internet television network’s stock after acquiring an additional 2,605 shares during the period. Illinois Municipal Retirement Fund’s holdings in Netflix were worth $10,558,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. RWA Wealth Partners LLC lifted its holdings in shares of Netflix by 1,519.3% in the fourth quarter. RWA Wealth Partners LLC now owns 12,890 shares of the Internet television network’s stock valued at $6,276,000 after purchasing an additional 12,094 shares in the last quarter. Sage Mountain Advisors LLC lifted its holdings in shares of Netflix by 3.7% in the fourth quarter. Sage Mountain Advisors LLC now owns 1,989 shares of the Internet television network’s stock valued at $968,000 after purchasing an additional 71 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Greenwich Wealth Management LLC lifted its holdings in shares of Netflix by 8.1% in the fourth quarter. Greenwich Wealth Management LLC now owns 737 shares of the Internet television network’s stock valued at $359,000 after purchasing an additional 55 shares in the last quarter. Finally, MCF Advisors LLC lifted its holdings in shares of Netflix by 247.4% in the fourth quarter. MCF Advisors LLC now owns 1,122 shares of the Internet television network’s stock valued at $546,000 after purchasing an additional 799 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on NFLX. The Goldman Sachs Group upped their price target on shares of Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research report on Monday, April 15th. BMO Capital Markets reissued an “outperform” rating and issued a $713.00 price objective (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. Finally, Seaport Res Ptn lowered shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $21.17 during midday trading on Tuesday, hitting $575.77. The company’s stock had a trading volume of 2,415,436 shares, compared to its average volume of 4,482,859. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The firm’s fifty day moving average price is $605.58 and its 200-day moving average price is $516.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07. The firm has a market cap of $248.10 billion, a P/E ratio of 39.42, a P/E/G ratio of 1.49 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data 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. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the firm posted $2.88 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 17.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 owns 1,278 shares in the company, valued at $717,379.74. The disclosure for this sale can be found here. In the last three months, insiders have sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is owned by corporate insiders.

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.