KBC Group NV Purchases 64,674 Shares of Netflix, Inc. (NASDAQ:NFLX)

KBC Group NV raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 52.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 187,933 shares of the Internet television network’s stock after acquiring an additional 64,674 shares during the period. KBC Group NV’s holdings in Netflix were worth $36,075,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in Netflix by 2.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock valued at $464,000 after buying an additional 65 shares during the period. Duncker Streett & Co. Inc. lifted its position in shares of Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the period. Murphy Capital Management Inc. lifted its position in shares of Netflix by 5.4% in the 4th quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock worth $828,000 after purchasing an additional 220 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in shares of Netflix by 0.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,480 shares of the Internet television network’s stock worth $6,043,000 after purchasing an additional 235 shares during the period. Finally, Covenant Asset Management LLC lifted its position in shares of Netflix by 1.6% in the 4th quarter. Covenant Asset Management LLC now owns 15,373 shares of the Internet television network’s stock worth $2,951,000 after purchasing an additional 238 shares during the period. Institutional investors own 82.38% of the company’s stock.

In other news, CEO Reed Hastings sold 75,243 shares of the company’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the transaction, the chief executive officer now directly owns 75,243 shares of the company’s stock, valued at approximately $14,766,438.75. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David B. Wells sold 1,000 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $193.30, for a total transaction of $193,300.00. Following the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at $193,300. The disclosure for this sale can be found here. Insiders sold a total of 469,901 shares of company stock worth $107,797,603 over the last three months. 4.90% of the stock is currently owned by corporate insiders.

Shares of Netflix, Inc. (NASDAQ:NFLX) traded down $1.75 on Friday, reaching $278.52. 8,302,677 shares of the company’s stock traded hands, compared to its average volume of 11,150,000. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. The firm has a market cap of $120,110.00, a PE ratio of 222.82, a P/E/G ratio of 3.85 and a beta of 1.04. Netflix, Inc. has a 12 month low of $138.26 and a 12 month high of $286.81.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. The company had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a net margin of 4.78% and a return on equity of 17.20%. Netflix’s revenue was up 32.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS. sell-side analysts anticipate that Netflix, Inc. will post 2.73 EPS for the current fiscal year.

A number of equities research analysts recently commented on the stock. Morgan Stanley reissued an “overweight” rating and set a $255.00 target price (up previously from $235.00) on shares of Netflix in a research report on Thursday, January 18th. SunTrust Banks set a $270.00 target price on shares of Netflix and gave the company a “hold” rating in a research report on Wednesday. Loop Capital reissued a “buy” rating and set a $237.00 target price on shares of Netflix in a research report on Wednesday, December 6th. Canaccord Genuity restated a “buy” rating and set a $280.00 price target (up previously from $225.00) on shares of Netflix in a research note on Tuesday, January 23rd. Finally, Wells Fargo & Co restated an “outperform” rating and set a $250.00 price target (up previously from $230.00) on shares of Netflix in a research note on Monday, January 8th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $239.39.

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Netflix Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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