Netflix, Inc. (NASDAQ:NFLX) is Ossiam's 4th Largest Position

Ossiam lifted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 170.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,265 shares of the Internet television network's stock after purchasing an additional 173,455 shares during the period. Netflix comprises about 8.0% of Ossiam's portfolio, making the stock its 4th largest holding. Ossiam owned 0.06% of Netflix worth $245,349,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Pathway Financial Advisers LLC boosted its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares during the last quarter. Newton One Investments LLC acquired a new position in shares of Netflix during the 4th quarter valued at about $34,000. Pineridge Advisors LLC increased its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Princeton Global Asset Management LLC raised its stake in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares during the period. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Netflix in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, Director Jay C. Hoag sold 617 shares of the stock in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock worth $267,919,297 over the last 90 days. Company insiders own 1.76% of the company's stock.

Netflix Stock Up 1.2 %

Shares of Netflix stock opened at $973.03 on Friday. The company has a market cap of $416.22 billion, a P/E ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm has a fifty day moving average of $954.87 and a two-hundred day moving average of $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 posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $10.51 billion. During the same period last year, the firm earned $8.28 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. Argus upped their price objective on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Monday, January 6th. Loop Capital reissued a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Guggenheim reaffirmed a "buy" rating and set a $1,150.00 target price on shares of Netflix in a research note on Friday. Oppenheimer restated an "outperform" rating on shares of Netflix in a report on Friday. Finally, The Goldman Sachs Group boosted their target price on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,023.49.

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.

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