Generali Investments Management Co LLC Takes Position in Netflix, Inc. (NASDAQ:NFLX)

Generali Investments Management Co LLC bought a new stake in Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 13,471 shares of the Internet television network’s stock, valued at approximately $12,007,000. Netflix accounts for approximately 3.1% of Generali Investments Management Co LLC’s portfolio, making the stock its 7th biggest position.

A number of other institutional investors have also modified their holdings of NFLX. Swedbank AB increased its holdings in shares of Netflix by 1.8% in the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after acquiring an additional 8,024 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after acquiring an additional 198,148 shares during the period. Thrivent Financial for Lutherans grew its position in Netflix by 6.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 70,276 shares of the Internet television network’s stock valued at $49,844,000 after buying an additional 4,348 shares during the last quarter. Quest Partners LLC increased its stake in Netflix by 191.8% in the 3rd quarter. Quest Partners LLC now owns 2,760 shares of the Internet television network’s stock valued at $1,958,000 after buying an additional 1,814 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in Netflix during the 3rd quarter worth $37,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 over the last quarter. 1.76% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Evercore ISI lifted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research note on Thursday, January 23rd. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, Oppenheimer increased their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,016.78.

Netflix Stock Performance

Netflix stock opened at $929.98 on Wednesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average of $953.42 and a two-hundred day moving average of $853.33. The company has a market capitalization of $397.81 billion, a price-to-earnings ratio of 46.90, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

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

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.