Axiom Investors LLC DE Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Axiom Investors LLC DE grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 894,909 shares of the Internet television network's stock after purchasing an additional 166,933 shares during the period. Netflix makes up 5.9% of Axiom Investors LLC DE's portfolio, making the stock its 5th biggest position. Axiom Investors LLC DE owned about 0.21% of Netflix worth $797,650,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. Nordea Investment Management AB grew its stake in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after purchasing an additional 156,958 shares during the period. First National Trust Co increased its holdings in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after purchasing an additional 12 shares in the last quarter. Haven Private LLC acquired a new position in shares of Netflix during the fourth quarter worth $733,000. Sigma Planning Corp increased its position in Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after purchasing an additional 386 shares during the period. Finally, M&T Bank Corp grew its holdings in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after acquiring an additional 1,684 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David A. Hyman sold 424 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $994.63, for a total value of $421,723.12. Following the completion of the sale, the insider now owns 31,610 shares of the company's stock, valued at $31,440,254.30. This trade represents a 1.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,583 shares of company stock valued at $279,611,567 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

NFLX has been the topic of several recent research reports. Pivotal Research increased their price target on Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Needham & Company LLC boosted their price target on shares of Netflix from $800.00 to $1,150.00 and gave the stock a "buy" 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 price target on the stock in a research report on Thursday, January 23rd. KeyCorp lifted their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Finally, Oppenheimer increased their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $1,021.02.

Netflix Stock Down 0.4 %

NFLX traded down $4.15 during trading on Tuesday, reaching $928.38. 3,514,962 shares of the stock were exchanged, compared to its average volume of 3,587,057. The stock's 50 day moving average price is $973.23 and its two-hundred day moving average price is $871.15. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock has a market cap of $397.12 billion, a P/E ratio of 46.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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 released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business's revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.11 earnings per share. Equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current 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.