Healthcare of Ontario Pension Plan Trust Fund Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Netflix, Inc. (NASDAQ:NFLX) by 106.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,582 shares of the Internet television network’s stock after acquiring an additional 42,022 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Netflix were worth $57,864,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Jennison Associates LLC raised its holdings in shares of Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after acquiring an additional 5,748,200 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Netflix by 2.3% in the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after acquiring an additional 106,756 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of Netflix by 2.8% in the 3rd quarter. Fisher Asset Management LLC now owns 4,481,939 shares of the Internet television network’s stock valued at $3,178,905,000 after acquiring an additional 123,987 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Netflix by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after acquiring an additional 104,332 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 0.8 %

Shares of NASDAQ:NFLX opened at $872.60 on Wednesday. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $908.00. The stock has a fifty day simple moving average of $762.10 and a two-hundred day simple moving average of $695.13. 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 stock has a market capitalization of $373.00 billion, a price-to-earnings ratio of 49.38, a PEG ratio of 1.67 and a beta of 1.25.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. On average, research analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. The trade was a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders sold 185,866 shares of company stock worth $133,393,921 over the last quarter. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on NFLX shares. Barclays reaffirmed an “underweight” rating and issued a $550.00 price target on shares of Netflix in a report on Friday, October 18th. Canaccord Genuity Group raised their price objective on Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a report on Friday, October 18th. KeyCorp raised their price objective on Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and set a $840.00 price objective (up from $800.00) on shares of Netflix in a report on Friday, October 18th. Finally, Loop Capital raised their price objective on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $764.82.

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.