By otakuyassine3@gmail.com 
Trust Point Inc. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,091 shares of the Internet television network’s stock after buying an additional 155 shares during the quarter. Trust Point Inc.’s holdings in Netflix were worth $2,755,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in NFLX. International Assets Investment Management LLC lifted its holdings in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after acquiring an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares during the last quarter. State Street Corp boosted its holdings in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the period. Finally, Westfield Capital Management Co. LP acquired a new stake in Netflix during the 3rd quarter worth approximately $222,871,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have commented on NFLX shares. TD Cowen boosted their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Morgan Stanley boosted their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Jefferies Financial Group lifted their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Finally, UBS Group lifted their target price on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.
Check Out Our Latest Stock Report on NFLX
Netflix Trading Up 0.2 %
Netflix stock opened at $978.94 on Tuesday. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $999.00. The business’s 50-day simple moving average is $904.67 and its 200-day simple moving average is $779.53. The firm has a market capitalization of $418.75 billion, a PE ratio of 49.37, a PEG ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.
Netflix (NASDAQ:NFLX – Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $2.11 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.
Insider Buying and Selling at Netflix
In other Netflix news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 246,710 shares of company stock worth $233,561,836 over the last three months. Company insiders own 1.76% of the company’s stock.
About Netflix
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.
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