Mirae Asset Global Investments Co. Ltd. Has $200.37 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 221,238 shares of the Internet television network’s stock after acquiring an additional 6,443 shares during the quarter. Netflix comprises approximately 0.8% of Mirae Asset Global Investments Co. Ltd.’s holdings, making the stock its 17th largest holding. Mirae Asset Global Investments Co. Ltd. owned 0.05% of Netflix worth $200,365,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. State Street Corp grew its position in shares of Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares during the period. Geode Capital Management LLC lifted its holdings in Netflix by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after acquiring an additional 123,029 shares in the last quarter. Jennison Associates LLC increased its stake in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. International Assets Investment Management LLC lifted its position in 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. Finally, Wellington Management Group LLP boosted its position in shares of Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after buying an additional 23,702 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.6 %

Shares of NASDAQ:NFLX opened at $994.87 on Wednesday. The business has a 50 day simple moving average of $906.93 and a two-hundred day simple moving average of $781.90. The firm has a market capitalization of $425.57 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,008.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the business posted $2.11 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Loop Capital raised their price objective on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Oppenheimer upped their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Finally, UBS Group increased their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong 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 $1,021.70.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 281,026 shares of company stock valued at $267,211,135. 1.76% of the stock is owned by company insiders.

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.