Meitav Investment House Ltd. decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 37.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,155 shares of the Internet television network's stock after selling 7,990 shares during the quarter. Meitav Investment House Ltd.'s holdings in Netflix were worth $11,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp boosted its holdings in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC grew its holdings in shares of Netflix by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock worth $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the period. Finally, Wellington Management Group LLP raised its holdings in Netflix by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock valued at $3,473,571,000 after buying an additional 23,702 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.
Analysts Set New Price Targets
NFLX has been the topic of a number of analyst reports. BMO Capital Markets restated an "outperform" rating and issued a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. KeyCorp upped 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. UBS Group lifted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.
View Our Latest Analysis on NFLX
Insider Activity at Netflix
In other news, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction on 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 directly owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,220 shares of company stock worth $289,856,164. 1.76% of the stock is owned by corporate insiders.
Netflix Stock Performance
Shares of Netflix stock traded down $21.89 during trading hours on Friday, reaching $1,002.65. 3,089,271 shares of the stock traded hands, compared to its average volume of 4,110,222. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a 50 day moving average price of $938.86 and a 200 day moving average price of $815.63. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $428.89 billion, a price-to-earnings ratio of 50.56, a P/E/G ratio of 2.16 and a beta of 1.27.
Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The business 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 quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.11 earnings per share. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.
About Netflix
(
Free Report)
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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