IFM Investors Pty Ltd Has $26.17 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Posted by on Aug 1st, 2022

IFM Investors Pty Ltd lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX – Get Rating) by 20.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,862 shares of the Internet television network’s stock after purchasing an additional 11,768 shares during the quarter. IFM Investors Pty Ltd’s holdings in Netflix were worth $26,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Icapital Wealth LLC purchased a new stake in shares of Netflix during the 1st quarter valued at $25,000. Sageworth Trust Co bought a new position in Netflix in the 4th quarter worth about $29,000. Field & Main Bank bought a new position in Netflix in the 4th quarter worth about $30,000. City State Bank bought a new position in Netflix in the 4th quarter worth about $35,000. Finally, Core Alternative Capital boosted its stake in Netflix by 76.5% in the 4th quarter. Core Alternative Capital now owns 60 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 26 shares during the period. 80.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on NFLX shares. Wedbush upgraded Netflix from a “neutral” rating to an “outperform” rating and set a $280.00 price target for the company in a research report on Monday, May 16th. Benchmark cut Netflix from a “hold” rating to a “sell” rating and set a $157.00 price target on the stock. in a research note on Tuesday, June 14th. Bank of America decreased their price target on Netflix to $196.00 in a research note on Thursday, June 23rd. Societe Generale decreased their price target on Netflix from $330.00 to $170.00 and set a “sell” rating on the stock in a research note on Tuesday, June 14th. Finally, UBS Group decreased their price target on Netflix from $355.00 to $198.00 and set a “neutral” rating on the stock in a research note on Friday, July 15th. Six equities research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $323.92.

Netflix Stock Performance

Shares of NFLX opened at $224.90 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 0.75. The business has a 50-day simple moving average of $191.08 and a two-hundred day simple moving average of $286.91. The stock has a market cap of $100.01 billion, a price-to-earnings ratio of 19.99, a PEG ratio of 1.52 and a beta of 1.28. Netflix, Inc. has a 52 week low of $162.71 and a 52 week high of $700.99.

Netflix (NASDAQ:NFLX – Get Rating) last released its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.24. The firm had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.03 billion. Netflix had a return on equity of 30.07% and a net margin of 16.42%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.97 earnings per share. On average, analysts expect that Netflix, Inc. will post 10.06 EPS for the current year.

Netflix Profile

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Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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