Public Sector Pension Investment Board Buys 2,200 Shares of Netflix, Inc. (NASDAQ:NFLX)

Public Sector Pension Investment Board lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 13.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,473 shares of the Internet television network’s stock after acquiring an additional 2,200 shares during the period. Public Sector Pension Investment Board’s holdings in Netflix were worth $13,102,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. New World Advisors LLC lifted its position in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock worth $514,000 after purchasing an additional 14 shares during the period. Heartland Bank & Trust Co lifted its position in shares of Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after purchasing an additional 15 shares during the period. Cedrus LLC lifted its position in shares of Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares during the period. Capstone Triton Financial Group LLC lifted its position in shares of Netflix by 0.6% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock worth $1,717,000 after purchasing an additional 15 shares during the period. Finally, Meritas Wealth Management LLC lifted its position in shares of Netflix by 2.9% in the 3rd quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after purchasing an additional 16 shares during the period. 80.93% of the stock is owned by institutional investors.

Netflix Trading Up 0.5 %

Shares of NFLX opened at $877.34 on Friday. Netflix, Inc. has a twelve month low of $445.73 and a twelve month high of $908.00. The company has a market cap of $375.03 billion, a P/E ratio of 49.65, a P/E/G ratio of 1.69 and a beta of 1.25. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The company’s fifty day simple moving average is $769.29 and its 200-day simple moving average is $697.66.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on NFLX shares. Pivotal Research lifted their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Wolfe Research reissued an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. UBS Group lifted their price target on shares of Netflix from $750.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. lifted their price target on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Piper Sandler restated an “overweight” rating and set a $840.00 price objective (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $764.82.

Insider Buying and Selling

In related news, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 25,074 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the transaction, the chairman now directly owns 85 shares in the company, valued at $57,878.20. This represents a 99.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,866 shares of company stock valued at $133,393,921 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Company 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.