Allstate Corp Buys 12,367 Shares of Netflix, Inc. (NASDAQ:NFLX)

Allstate Corp lifted its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3,171.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,757 shares of the Internet television network's stock after acquiring an additional 12,367 shares during the period. Allstate Corp's holdings in Netflix were worth $11,371,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. Principal Financial Group Inc. grew its position in Netflix by 13.3% during the third 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. Qsemble Capital Management LP bought a new stake in shares of Netflix in the 3rd quarter worth approximately $209,000. Blueshift Asset Management LLC acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $339,000. Fiduciary Trust Co increased its position in shares of Netflix by 12.7% during the third quarter. Fiduciary Trust Co now owns 3,010 shares of the Internet television network's stock valued at $2,135,000 after purchasing an additional 339 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of Netflix by 13.5% in the third quarter. Public Sector Pension Investment Board now owns 18,473 shares of the Internet television network's stock valued at $13,102,000 after purchasing an additional 2,200 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.4 %

NFLX traded down $3.45 on Monday, hitting $930.40. 2,950,903 shares of the company were exchanged, compared to its average volume of 3,581,107. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock's fifty day moving average is $971.74 and its 200-day moving average is $869.42. The company has a market cap of $397.99 billion, a PE ratio of 46.92, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

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Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,583 shares of company stock worth $279,611,567 in the last ninety days. Insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America boosted their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Wedbush reissued an "outperform" rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Citigroup raised their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Finally, Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $1,021.02.

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.