Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 25.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,230 shares of the Internet television network's stock after selling 2,084 shares during the quarter. Netflix comprises about 1.3% of Jackson Square Capital LLC's investment portfolio, making the stock its 20th biggest position. Jackson Square Capital LLC's holdings in Netflix were worth $5,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. State Street Corp lifted its holdings in shares of 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 acquiring an additional 426,740 shares during the last quarter. Geode Capital Management LLC lifted its stake in Netflix by 1.4% in the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock worth $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC lifted its stake in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the last quarter. International Assets Investment Management LLC boosted its position in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock valued at $3,473,571,000 after buying an additional 23,702 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 1.9 %

NFLX stock traded up $15.73 on Friday, hitting $858.10. 3,563,913 shares of the company's stock were exchanged, compared to its average volume of 2,297,633. The firm has a 50 day moving average price of $884.58 and a two-hundred day moving average price of $759.04. Netflix, Inc. has a 12-month low of $476.06 and a 12-month high of $941.75. The stock has a market cap of $366.80 billion, a P/E ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts' consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, equities research analysts expect that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the business's stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated 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 sale, the director now directly owns 246 shares of the company's stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock worth $127,616,898 in the last three months. Corporate insiders own 1.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on NFLX shares. Bank of America boosted their price objective on Netflix from $800.00 to $1,000.00 and gave the company a "buy" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered their target price on shares of Netflix from $1,010.00 to $1,000.00 and set an "overweight" rating for the company in a research note on Friday, January 10th. Oppenheimer reduced their price target on shares of Netflix from $1,065.00 to $1,040.00 and set an "outperform" rating on the stock in a research note on Wednesday. Wolfe Research reissued an "outperform" rating on shares of Netflix in a research report on Friday, October 18th. Finally, Rosenblatt Securities reaffirmed a "neutral" rating and set a $680.00 target price on shares of Netflix in a research report on Thursday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $845.06.

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.