Massachusetts Financial Services Co. MA Purchases 743,724 Shares of Netflix, Inc. (NASDAQ:NFLX)

Massachusetts Financial Services Co. MA raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 318.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 976,924 shares of the Internet television network's stock after acquiring an additional 743,724 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.23% of Netflix worth $870,752,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NFLX. Principal Financial Group Inc. raised its position in shares of 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 buying an additional 198,148 shares in the last quarter. Benjamin Edwards Inc. raised its holdings in Netflix by 3,971.9% during the third quarter. Benjamin Edwards Inc. now owns 10,587 shares of the Internet television network's stock worth $7,509,000 after purchasing an additional 10,327 shares in the last quarter. Hilltop Holdings Inc. lifted its position in Netflix by 100.0% in the third quarter. Hilltop Holdings Inc. now owns 5,555 shares of the Internet television network's stock worth $3,940,000 after purchasing an additional 2,778 shares during the period. HighVista Strategies LLC boosted its stake in Netflix by 11.1% during the 3rd quarter. HighVista Strategies LLC now owns 2,000 shares of the Internet television network's stock valued at $1,419,000 after purchasing an additional 200 shares in the last quarter. Finally, Janus Henderson Group PLC increased its position in shares of Netflix by 1.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,266,649 shares of the Internet television network's stock valued at $898,445,000 after purchasing an additional 14,930 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

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Netflix Stock Performance

NFLX traded down $18.47 on Thursday, hitting $917.05. The company had a trading volume of 5,855,995 shares, compared to its average volume of 3,606,802. The stock has a market cap of $392.27 billion, a price-to-earnings ratio of 46.25, 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 current ratio of 1.22 and a quick ratio of 1.22. The company's fifty day moving average price is $974.03 and its 200 day moving average price is $873.22. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping 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 business had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the company earned $2.11 earnings per share. Netflix's revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

NFLX has been the subject of several research reports. Guggenheim reaffirmed a "buy" rating and set a $1,100.00 target price on shares of Netflix in a research note on Thursday. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research report on Wednesday, January 22nd. Argus boosted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Moffett Nathanson upgraded shares of Netflix from a "neutral" rating to a "buy" rating and raised their target price for the stock from $850.00 to $1,100.00 in a report on Monday, March 17th. Finally, Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and upped their price target for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. Ten 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 company's stock. According to data from MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,023.74.

Insider Activity

In other Netflix news, insider David A. Hyman sold 41,121 shares of the firm'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 sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Ann Mather sold 2,682 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 280,676 shares of company stock valued at $273,515,672. 1.76% of the stock is owned by insiders.

Netflix Company 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.