Vinva Investment Management Increases Stake in Netflix, Inc.

Vinva Investment Management Ltd has recently improved its position in Netflix, Inc. (NASDAQ:NFLX) by increasing its stake by 13.1% during the third quarter. This information comes from the firm's latest filing with the Securities and Exchange Commission. Following this adjustment, Vinva Investment Management now owns 20,855 shares of the popular internet television network's stock, having acquired an additional 2,413 shares in the last quarter. Netflix now accounts for approximately 0.6% of the firm's investment portfolio, making it the 27th largest holding. As per the latest filing, Vinva's holdings in Netflix are valued at $14,752,000.

Institutional Investments in Netflix

Several other institutional investors and hedge funds have also recently engaged in buying and selling Netflix shares. For example, Jacobs Levy Equity Management increased its stake in Netflix by 26.4% during the first quarter, bringing its total to 1,670 shares valued at $1,014,000 after adding 349 shares. Additionally, Citizens Financial Group Inc. RI raised its position by 26.3% in the same quarter, now holding 2,872 shares worth $1,744,000 after purchasing 598 shares. Furthermore, LRI Investments LLC entered into a new position during the first quarter worth $53,000. PGGM Investments substantially increased its holdings by an impressive 55.4% during the first quarter, now owning 41,421 shares with a value of $25,156,000 after buying an extra 14,759 shares. Lastly, Invst LLC lifted its position by 258.9%, holding 3,822 shares valued at $2,348,000 after acquiring an additional 2,757 shares. Overall, institutional investors now own 80.93% of Netflix's stock.

Netflix's Market Performance

The stock price of Netflix opened at $877.34 recently. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13, and a current ratio of 1.13. Netflix's 50-day moving average stands at $765.83, while the 200-day moving average is at $696.40. The stock has a 52-week low of $445.73 and a 52-week high of $908.00. The company's market capitalization is approximately $375.03 billion, with a price-to-earnings ratio of 49.65 and a PEG ratio of 1.67.

Quarterly Earnings Report

On October 17th, Netflix released its quarterly earnings report, announcing earnings per share of $5.40 for the quarter, surpassing the consensus estimate of $5.09 by $0.31. The reported revenue for this period was $9.82 billion, which exceeded analyst projections of $9.77 billion. Netflix registered a return on equity of 35.86% and maintained a net margin of 20.70%. According to consensus, analysts anticipate that Netflix will deliver an earnings per share figure of 19.78 for the current fiscal year.

Analyst Recommendations

NFLX has been a subject of various research analyst reports. Oppenheimer raised their target price for Netflix from $775.00 to $825.00 while rating it as