Dimensional Fund Advisors LP Has $880.65 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Dimensional Fund Advisors LP lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 987,923 shares of the Internet television network's stock after buying an additional 66,840 shares during the quarter. Dimensional Fund Advisors LP owned about 0.23% of Netflix worth $880,649,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock worth $1,200,485,000 after acquiring an additional 198,148 shares during the last quarter. M&T Bank Corp increased its stake in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock valued at $29,751,000 after buying an additional 1,684 shares during the last quarter. McIlrath & Eck LLC lifted its position in Netflix by 13.8% during the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock worth $175,000 after buying an additional 30 shares in the last quarter. Advisory Resource Group boosted its stake in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after buying an additional 12 shares during the last quarter. Finally, Virtu Financial LLC grew its holdings in shares of Netflix by 356.5% in the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock valued at $9,844,000 after acquiring an additional 10,839 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Trading Up 1.2 %

NFLX stock opened at $973.03 on Friday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a market capitalization of $416.22 billion, a PE ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company's 50 day moving average price is $954.87 and its two-hundred day moving average price is $891.82. 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 results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping 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 business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the previous year, the firm earned $8.28 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, Director Strive Masiyiwa sold 2,813 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders have sold a total of 274,312 shares of company stock worth $267,919,297 over the last quarter. Corporate insiders own 1.76% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Needham & Company LLC reissued a "buy" rating and set a $1,126.00 price target on shares of Netflix in a research report on Thursday. Robert W. Baird lifted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. StockNews.com downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Bank of America boosted their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised shares of Netflix from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $940.00 to $1,150.00 in a research report 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,023.49.

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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