Mediolanum International Funds Ltd Has $85.66 Million Stock Holdings in Netflix, Inc. $NFLX

Mediolanum International Funds Ltd grew its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 116.0% during the first quarter, HoldingsChannel reports. The firm owned 921,355 shares of the Internet television network’s stock after buying an additional 494,883 shares during the quarter. Netflix comprises approximately 0.9% of Mediolanum International Funds Ltd’s holdings, making the stock its 15th biggest position. Mediolanum International Funds Ltd’s holdings in Netflix were worth $85,658,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NFLX. First Financial Corp IN grew its stake in Netflix by 900.0% in the 4th quarter. First Financial Corp IN now owns 270 shares of the Internet television network’s stock valued at $25,000 after buying an additional 243 shares during the last quarter. DiNuzzo Private Wealth Inc. lifted its position in Netflix by 885.2% during the 4th quarter. DiNuzzo Private Wealth Inc. now owns 266 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 239 shares during the last quarter. Turning Point Benefit Group Inc. lifted its position in Netflix by 13,400.0% during the 4th quarter. Turning Point Benefit Group Inc. now owns 270 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 268 shares during the last quarter. Imprint Wealth LLC bought a new stake in Netflix during the third quarter valued at about $25,000. Finally, Cornerstone Financial Management LLC bought a new stake in Netflix during the fourth quarter valued at about $26,000. Institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wedbush lowered their price target on Netflix from $118.00 to $105.00 and set an “outperform” rating on the stock in a research report on Friday. Citic Securities boosted their price objective on Netflix from $95.00 to $107.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Bank of America restated a “buy” rating and set a $125.00 target price on shares of Netflix in a research note on Monday, May 18th. HSBC raised their target price on Netflix from $106.00 to $114.00 and gave the company a “buy” rating in a report on Friday, April 10th. Finally, Seaport Research Partners lifted their price target on Netflix from $115.00 to $119.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and sixteen have given a Hold rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average target price of $103.97.

Get Our Latest Report on NFLX

Insider Activity

In other Netflix news, Director Bradford L. Smith sold 35,990 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $77.52, for a total value of $2,789,944.80. Following the completion of the sale, the director owned 79,690 shares in the company, valued at approximately $6,177,568.80. This trade represents a 31.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Reed Hastings sold 407,550 shares of Netflix stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $93.13, for a total value of $37,955,131.50. Following the sale, the director directly owned 3,940 shares in the company, valued at $366,932.20. The trade was a 99.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 899,839 shares of company stock valued at $80,141,661. Corporate insiders own 1.24% of the company’s stock.

Key Stories Impacting Netflix

Here are the key news stories impacting Netflix this week:

Netflix Stock Performance

NASDAQ:NFLX opened at $68.95 on Friday. The firm’s 50-day moving average is $80.15 and its 200-day moving average is $86.90. Netflix, Inc. has a 52-week low of $65.08 and a 52-week high of $126.71. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $290.33 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 0.88 and a beta of 1.52.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings data on Thursday, July 16th. The Internet television network reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.01. Netflix had a net margin of 28.22% and a return on equity of 40.83%. The business had revenue of $12.56 billion during the quarter, compared to analyst estimates of $12.58 billion. During the same quarter in the prior year, the business earned $0.72 earnings per share. The firm’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts anticipate that Netflix, Inc. will post 3.6 earnings per share for the current year.

Netflix Profile

(Free Report)

Netflix, Inc (NASDAQ: NFLX) is a global entertainment company that provides subscription-based streaming of films, television series, documentaries and other video content. Founded in 1997 by Reed Hastings and Marc Randolph and headquartered in Los Gatos, California, the company began as a DVD-by-mail rental service and introduced streaming video in 2007. Netflix later expanded into producing and distributing original programming, beginning notable original hits in the 2010s, and now operates a content production and distribution ecosystem alongside its licensing activity.

The company’s primary product is its on-demand streaming service, which can be accessed on a wide range of internet-connected devices and delivered through a suite of apps and web platforms.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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