Groupama Asset Managment Has $5.58 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Groupama Asset Managment grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1,117.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,195 shares of the Internet television network's stock after acquiring an additional 5,686 shares during the quarter. Groupama Asset Managment's holdings in Netflix were worth $5,578,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after acquiring an additional 171,712 shares during the period. State Street Corp lifted its position in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the period. Geode Capital Management LLC grew its stake in Netflix by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after buying an additional 175,596 shares in the last quarter. Norges Bank bought a new position in Netflix in the 4th quarter valued at about $5,019,087,000. Finally, Alliancebernstein L.P. raised its position in shares of Netflix by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock valued at $4,582,568,000 after buying an additional 82,564 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, Director Richard N. Barton sold 6,364 shares of the company's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This trade represents a 98.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 280,676 shares of company stock valued at $273,515,672 over the last 90 days. Company insiders own 1.76% of the company's stock.

Netflix Trading Down 2.0 %

Shares of NFLX traded down $18.47 during trading hours on Thursday, hitting $917.05. 5,855,995 shares of the stock were exchanged, compared to its average volume of 3,606,797. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The business has a 50-day moving average of $974.03 and a 200-day moving average of $873.22. The firm has a market capitalization of $392.27 billion, a P/E 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.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results 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. The firm 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 business's revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business posted $2.11 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NFLX shares. Macquarie upped their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Phillip Securities downgraded Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. The Goldman Sachs Group lifted their price target on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Loop Capital reissued a "hold" rating on shares of Netflix in a report on Monday, March 24th. Finally, Rosenblatt Securities upgraded Netflix from a "neutral" rating to a "buy" rating and lifted their target price for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,023.74.

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.