Fisher Funds Management LTD Makes New $85.66 Million Investment in Netflix, Inc. (NASDAQ:NFLX)

Fisher Funds Management LTD bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 95,923 shares of the Internet television network's stock, valued at approximately $85,660,000. Netflix accounts for 2.1% of Fisher Funds Management LTD's investment portfolio, making the stock its 16th biggest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter valued at approximately $25,000. Pathway Financial Advisers LLC boosted its position in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after acquiring an additional 42 shares during the period. Newton One Investments LLC bought a new position in shares of Netflix in the fourth quarter valued at approximately $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Netflix in the third quarter valued at approximately $37,000. Institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on NFLX shares. Arete Research upgraded shares of Netflix to a "hold" rating in a research report on Thursday, January 23rd. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Needham & Company LLC lifted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Robert W. Baird lifted their target price 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. Finally, KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,021.70.

Insider Activity

In related news, Chairman Reed Hastings sold 48,363 shares of the company's stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 303,220 shares of company stock worth $289,856,164. Corporate insiders own 1.76% of the company's stock.

Netflix Trading Down 2.1 %

Netflix stock traded down $21.39 during mid-day trading on Friday, reaching $1,003.15. 3,730,394 shares of the company traded hands, compared to its average volume of 3,484,255. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm's 50 day moving average price is $940.55 and its 200 day moving average price is $819.90. The firm has a market capitalization of $429.10 billion, a price-to-earnings ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the previous year, the business posted $2.11 EPS. The company's quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.