Vanguard Group Inc. Has $33.41 Billion Position in Netflix, Inc. (NASDAQ:NFLX)

Vanguard Group Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,488,005 shares of the Internet television network's stock after acquiring an additional 171,712 shares during the quarter. Netflix comprises approximately 0.6% of Vanguard Group Inc.'s holdings, making the stock its 22nd biggest holding. Vanguard Group Inc. owned approximately 8.76% of Netflix worth $33,413,809,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Napatree Capital LLC boosted its stake in shares of Netflix by 45.2% in the fourth quarter. Napatree Capital LLC now owns 488 shares of the Internet television network's stock valued at $435,000 after purchasing an additional 152 shares during the period. Samalin Investment Counsel LLC lifted its holdings in Netflix by 2.3% in the 4th quarter. Samalin Investment Counsel LLC now owns 498 shares of the Internet television network's stock worth $445,000 after buying an additional 11 shares in the last quarter. Blueprint Investment Partners LLC boosted its position in Netflix by 13.2% in the 4th quarter. Blueprint Investment Partners LLC now owns 1,617 shares of the Internet television network's stock valued at $1,441,000 after buying an additional 189 shares during the last quarter. Fortis Capital Management LLC grew its stake in shares of Netflix by 0.5% during the fourth quarter. Fortis Capital Management LLC now owns 10,117 shares of the Internet television network's stock valued at $9,017,000 after acquiring an additional 51 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in shares of Netflix during the fourth quarter worth about $950,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

NFLX has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price objective on Netflix from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Loop Capital raised their price target on shares of Netflix from $925.00 to $1,000.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Pivotal Research upped their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Bank of America upped their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Ten 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's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,016.78.

Netflix Price Performance

NASDAQ NFLX traded down $26.63 on Wednesday, reaching $970.65. The company's stock had a trading volume of 3,522,502 shares, compared to its average volume of 3,489,459. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. 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 firm's 50 day moving average is $967.54 and its two-hundred day moving average is $864.18. The stock has a market cap of $415.20 billion, a PE ratio of 48.95, a PEG ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results 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 business had revenue of $10.25 billion during 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%. The business'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, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm's stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company's stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 in the last three months. 1.76% of the stock is currently owned by insiders.

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.