Banco Bilbao Vizcaya Argentaria S.A. Has $29.03 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Banco Bilbao Vizcaya Argentaria S.A. lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 32,376 shares of the Internet television network's stock after selling 9,918 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Netflix were worth $29,030,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. Norges Bank bought a new position in shares of Netflix during the fourth quarter worth approximately $5,019,087,000. Proficio Capital Partners LLC boosted its stake in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after buying an additional 1,924,423 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after buying an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares during the period. Finally, Strategic Financial Concepts LLC raised its holdings in Netflix by 112,896.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after acquiring an additional 381,590 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX stock opened at $1,049.94 on Thursday. The firm has a market cap of $449.12 billion, a P/E ratio of 52.95, a P/E/G ratio of 2.12 and a beta of 1.55. The firm's fifty day moving average is $953.84 and its 200 day moving average is $898.31. Netflix, Inc. has a 52 week low of $544.25 and a 52 week high of $1,064.97. 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 Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period last year, the firm earned $8.28 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NFLX shares. Robert W. Baird raised their price target on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. FBN Securities initiated coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price for the company. UBS Group reduced their price target on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Pivotal Research reissued a "buy" rating and issued a $1,350.00 price objective (up from $1,250.00) on shares of Netflix in a research note on Thursday, April 17th. Finally, The Goldman Sachs Group upped their target price on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average price target of $1,070.65.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 41,121 shares of the firm's stock in a transaction that occurred 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 owns 31,610 shares in the company, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares of the company's stock, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 273,855 shares of company stock valued at $267,474,816 in the last ninety days. 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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