Teacher Retirement System of Texas Acquires 59,559 Shares of Netflix, Inc. (NASDAQ:NFLX)

Teacher Retirement System of Texas raised its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 39.7% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 209,422 shares of the Internet television network's stock after buying an additional 59,559 shares during the quarter. Netflix makes up about 0.7% of Teacher Retirement System of Texas' investment portfolio, making the stock its 17th largest holding. Teacher Retirement System of Texas' holdings in Netflix were worth $186,662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in Netflix by 2.6% in the 3rd 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 last quarter. Geode Capital Management LLC raised its stake in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock valued at $6,464,736,000 after acquiring an additional 123,029 shares in the last quarter. Jennison Associates LLC boosted its position in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after acquiring an additional 316,594 shares during the period. Wellington Management Group LLP grew its stake in shares of Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock worth $3,473,571,000 after purchasing an additional 23,702 shares in the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Netflix by 1.0% during the fourth quarter. Fisher Asset Management LLC now owns 4,527,446 shares of the Internet television network's stock valued at $4,035,404,000 after purchasing an additional 45,507 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

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Netflix Price Performance

Shares of NASDAQ NFLX traded up $9.45 during mid-day trading on Friday, hitting $960.29. 5,895,581 shares of the stock were exchanged, compared to its average volume of 3,476,641. The company has a market cap of $410.77 billion, a P/E ratio of 48.43, a PEG ratio of 2.12 and a beta of 1.38. 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, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock's fifty day simple moving average is $959.08 and its two-hundred day simple moving average is $857.81.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix's quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.11 earnings per share. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NFLX shares. UBS Group reiterated a "buy" rating on shares of Netflix in a research report on Monday, March 10th. Rosenblatt Securities upgraded shares of Netflix from a "neutral" rating to a "buy" rating and increased their price objective for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Arete Research upgraded Netflix to a "hold" rating in a research report on Thursday, January 23rd. Needham & Company LLC lifted their price target on Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. upped their price objective on Netflix from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,016.78.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock worth $279,142,041 over the last three months. 1.76% of the stock is currently owned by company insiders.

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.