Caisse Des Depots ET Consignations Purchases Shares of 2,168 Netflix, Inc. (NASDAQ:NFLX)

Caisse Des Depots ET Consignations acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, Holdings Channel.com reports. The fund acquired 2,168 shares of the Internet television network’s stock, valued at approximately $1,932,000.

Several other hedge funds also recently modified their holdings of NFLX. Pathway Financial Advisers LLC increased its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at $25,000. Newton One Investments LLC bought a new position in shares of Netflix in the fourth quarter valued at about $34,000. Pineridge Advisors LLC lifted its position in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its position in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $976.72 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company’s fifty day simple moving average is $970.22 and its 200 day simple moving average is $864.96. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a market cap of $417.80 billion, a price-to-earnings ratio of 49.25, a PEG ratio of 2.12 and a beta of 1.38.

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

Insider Activity

In other news, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,583 shares of company stock valued at $279,611,567 over the last three months. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. FBN Securities initiated coverage on shares of Netflix in a report on Thursday. They issued an “outperform” rating and a $1,165.00 price target for the company. Robert W. Baird boosted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. boosted their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.02.

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.