Netflix, Inc. (NASDAQ:NFLX) Shares Bought by GF Fund Management CO. LTD.

by · The Cerbat Gem

GF Fund Management CO. LTD. boosted its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 3.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,988 shares of the Internet television network’s stock after buying an additional 2,975 shares during the quarter. Netflix makes up approximately 1.8% of GF Fund Management CO. LTD.’s portfolio, making the stock its 11th largest holding. GF Fund Management CO. LTD.’s holdings in Netflix were worth $78,321,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in NFLX. Halbert Hargrove Global Advisors LLC grew its position in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock valued at $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd purchased a new position in shares of Netflix in the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in shares of Netflix during the fourth quarter worth about $32,000. Copia Wealth Management purchased a new stake in shares of Netflix during the 4th quarter worth $37,000. Finally, Stuart Chaussee & Associates Inc. raised its holdings in Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network’s stock worth $41,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Loop Capital reiterated a “hold” rating on shares of Netflix in a report on Monday, March 24th. Morgan Stanley raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. UBS Group lifted their price target on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Piper Sandler set a $1,150.00 target price on Netflix and gave the company an “overweight” rating in a research report on Monday, April 21st. Finally, Pivotal Research upped their price target on shares of Netflix from $1,350.00 to $1,600.00 and gave the company a “buy” rating in a report on Friday, June 20th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,182.58.

View Our Latest Analysis on NFLX

Netflix Stock Up 0.8%

NFLX opened at $1,295.24 on Friday. The firm has a market cap of $551.21 billion, a price-to-earnings ratio of 61.21, a PEG ratio of 2.48 and a beta of 1.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.20 and a current ratio of 1.20. The firm’s 50-day simple moving average is $1,204.00 and its 200-day simple moving average is $1,034.00. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,341.15.

Netflix (NASDAQ:NFLX – Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The company had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same quarter in the prior year, the business earned $8.28 earnings per share. Equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director owned 7,969 shares of the company’s stock, valued at $8,959,227.94. This trade represents a 32.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Reed Hastings sold 26,977 shares of the firm’s stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the sale, the director directly owned 394 shares in the company, valued at approximately $446,421.70. This represents a 98.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 186,723 shares of company stock valued at $223,307,201 over the last 90 days. 1.37% of the stock is currently owned by corporate insiders.

About Netflix

(Free Report)

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.

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