Ontario Teachers Pension Plan Board Acquires Shares of 471,080 Netflix, Inc. (NASDAQ:NFLX)

Ontario Teachers Pension Plan Board purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 471,080 shares of the Internet television network’s stock, valued at approximately $162,749,000. Netflix accounts for 1.7% of Ontario Teachers Pension Plan Board’s portfolio, making the stock its 17th biggest holding. Ontario Teachers Pension Plan Board owned 0.11% of Netflix at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dudley Capital Management LLC increased its holdings in shares of Netflix by 2.0% in the 1st quarter. Dudley Capital Management LLC now owns 1,551 shares of the Internet television network’s stock worth $536,000 after acquiring an additional 30 shares during the period. Retirement Group LLC increased its stake in Netflix by 52.6% during the 1st quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock valued at $30,000 after buying an additional 30 shares during the period. Duncker Streett & Co. Inc. increased its stake in Netflix by 5.5% during the 1st quarter. Duncker Streett & Co. Inc. now owns 595 shares of the Internet television network’s stock valued at $206,000 after buying an additional 31 shares during the period. Drive Wealth Management LLC increased its stake in Netflix by 1.5% during the 1st quarter. Drive Wealth Management LLC now owns 2,217 shares of the Internet television network’s stock valued at $766,000 after buying an additional 32 shares during the period. Finally, BRYN MAWR TRUST Co increased its stake in Netflix by 1.3% during the 1st quarter. BRYN MAWR TRUST Co now owns 2,483 shares of the Internet television network’s stock valued at $858,000 after buying an additional 33 shares during the period. 79.95% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 3.9 %

Netflix stock traded down $16.75 during mid-day trading on Wednesday, hitting $417.94. 6,735,712 shares of the company’s stock were exchanged, compared to its average volume of 6,954,200. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 0.62. The stock has a market cap of $185.21 billion, a P/E ratio of 46.29, a P/E/G ratio of 1.47 and a beta of 1.29. Netflix, Inc. has a 1-year low of $211.73 and a 1-year high of $485.00. The stock has a 50 day moving average of $433.17 and a two-hundred day moving average of $382.84.

Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, July 19th. The Internet television network reported $3.29 EPS for the quarter, topping the consensus estimate of $2.85 by $0.44. The firm had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $8.29 billion. Netflix had a net margin of 13.22% and a return on equity of 19.76%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $3.20 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 11.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Timothy M. Haley sold 1,022 shares of the stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $450.19, for a total transaction of $460,094.18. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Netflix news, Director Timothy M. Haley sold 1,022 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $450.19, for a total transaction of $460,094.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 4,954 shares of the company’s stock in a transaction dated Wednesday, July 26th. The shares were sold at an average price of $422.24, for a total transaction of $2,091,776.96. The disclosure for this sale can be found here. Insiders have sold 125,377 shares of company stock valued at $54,547,674 over the last three months. 2.45% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on NFLX shares. KeyCorp reissued a “sector weight” rating on shares of Netflix in a research note on Thursday, July 20th. Benchmark raised their target price on shares of Netflix from $250.00 to $293.00 in a research note on Tuesday, July 18th. UBS Group raised their target price on shares of Netflix from $390.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, July 12th. Loop Capital raised shares of Netflix from a “hold” rating to a “buy” rating and raised their target price for the company from $425.00 to $500.00 in a research note on Friday, August 25th. Finally, JPMorgan Chase & Co. raised their target price on shares of Netflix from $495.00 to $505.00 and gave the company an “overweight” rating in a research note on Thursday, July 20th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $432.91.

About Netflix

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.