BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 30,511 Shares of Netflix, Inc. (NASDAQ:NFLX)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 58.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,931 shares of the Internet television network’s stock after buying an additional 30,511 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Netflix were worth $55,968,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Denver PWM LLC bought a new position in shares of Netflix during the 2nd quarter worth approximately $25,000. Valued Wealth Advisors LLC grew its position in Netflix by 80.0% in the first quarter. Valued Wealth Advisors LLC now owns 45 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 20 shares in the last quarter. VitalStone Financial LLC increased its stake in Netflix by 933.3% in the 4th quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after buying an additional 56 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its position in Netflix by 1,550.0% during the 4th quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock worth $32,000 after buying an additional 62 shares in the last quarter. Finally, Scarborough Advisors LLC acquired a new position in shares of Netflix during the 4th quarter worth about $32,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on NFLX. Sanford C. Bernstein lifted their target price on Netflix from $600.00 to $625.00 and gave the company a “market perform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on Netflix from $650.00 to $750.00 and gave the stock an “overweight” rating in a research report on Friday, July 12th. Pivotal Research increased their price objective on Netflix from $800.00 to $900.00 and gave the company a “buy” rating in a report on Friday, August 30th. Evercore ISI raised their target price on shares of Netflix from $710.00 to $750.00 and gave the company an “outperform” rating in a research note on Tuesday, August 27th. Finally, UBS Group upped their price target on shares of Netflix from $685.00 to $750.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-four have assigned 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 price target of $685.29.

Netflix Price Performance

Netflix stock opened at $705.37 on Tuesday. The firm has a market cap of $304.01 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 1.40 and a beta of 1.26. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.95 and a quick ratio of 0.95. The stock’s fifty day moving average price is $663.97 and its two-hundred day moving average price is $641.83. Netflix, Inc. has a one year low of $344.73 and a one year high of $715.66.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, July 18th. The Internet television network reported $4.88 EPS for the quarter, topping analysts’ consensus estimates of $4.74 by $0.14. The company had revenue of $9.56 billion for the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a return on equity of 32.93% and a net margin of 19.54%. Netflix’s revenue was up 16.8% on a year-over-year basis. During the same quarter last year, the business earned $3.29 earnings per share. As a group, research analysts expect that Netflix, Inc. will post 19.08 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Leslie J. Kilgore sold 428 shares of the company’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $715.00, for a total transaction of $306,020.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider David A. Hyman sold 20,656 shares of Netflix stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. The disclosure for this sale can be found here. Insiders have sold a total of 197,226 shares of company stock valued at $129,858,692 in the last ninety days. 1.76% of the stock is currently owned by company 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.