Harvest Fund Management Co. Ltd Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Harvest Fund Management Co. Ltd lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 17.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,246 shares of the Internet television network’s stock after buying an additional 1,249 shares during the quarter. Netflix makes up about 0.6% of Harvest Fund Management Co. Ltd’s portfolio, making the stock its 28th biggest position. Harvest Fund Management Co. Ltd’s holdings in Netflix were worth $3,990,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. Authentikos Wealth Advisory LLC purchased a new position in Netflix during the 3rd quarter worth $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix during the 3rd quarter worth $26,000. Carmel Capital Partners LLC increased its holdings in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the period. Finally, Pacifica Partners Inc. purchased a new position in Netflix during the 4th quarter worth $41,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

NFLX traded up $23.15 on Tuesday, reaching $577.75. 4,942,177 shares of the stock were exchanged, compared to its average volume of 4,517,395. The company’s 50-day moving average price is $606.05 and its 200 day moving average price is $517.65. The firm has a market capitalization of $248.95 billion, a PE ratio of 40.09, a PEG ratio of 1.49 and a beta of 1.22. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s revenue was up 14.8% on a year-over-year basis. During the same quarter last year, the business posted $2.88 EPS. As a group, sell-side analysts forecast that Netflix, Inc. will post 17.13 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 268,335 shares of company stock worth $151,619,811. Insiders own 2.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NFLX. JPMorgan Chase & Co. raised their price objective on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a report on Monday, April 8th. Evercore ISI increased their target price on Netflix from $640.00 to $650.00 and gave the company an “outperform” rating in a research report on Friday. Pivotal Research increased their target price on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research report on Friday. Redburn Atlantic increased their target price on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $630.58.

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.