MetLife Investment Management LLC Has $92.96 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

MetLife Investment Management LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 131,065 shares of the Internet television network's stock after selling 3,669 shares during the quarter. Netflix makes up approximately 0.5% of MetLife Investment Management LLC's investment portfolio, making the stock its 23rd biggest position. MetLife Investment Management LLC's holdings in Netflix were worth $92,960,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. International Assets Investment Management LLC raised its stake 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 acquiring an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network's stock valued at $750,713,000 after buying an additional 642,920 shares during the last quarter. Swedbank AB purchased a new stake in shares of Netflix during the first quarter valued at $216,538,000. Jennison Associates LLC grew its holdings in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after buying an additional 316,594 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in shares of Netflix in the third quarter worth about $222,871,000. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on NFLX. Wolfe Research reissued an "outperform" rating on shares of Netflix in a research note on Friday, October 18th. Needham & Company LLC boosted their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Evercore ISI boosted their target price on shares of Netflix from $750.00 to $775.00 and gave the company an "outperform" rating in a report on Friday, October 18th. Benchmark reiterated a "sell" rating and set a $545.00 price objective on shares of Netflix in a research note on Tuesday, October 15th. Finally, Sanford C. Bernstein upped their price target on shares of Netflix from $625.00 to $780.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $764.82.

Netflix Trading Up 0.5 %

Shares of NASDAQ:NFLX traded up $4.74 during mid-day trading on Wednesday, reaching $877.34. 2,575,914 shares of the company were exchanged, compared to its average volume of 3,668,794. The firm's 50-day simple moving average is $765.83 and its 200 day simple moving average is $696.40. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 1 year low of $445.73 and a 1 year high of $908.00. The firm has a market cap of $375.03 billion, a price-to-earnings ratio of 49.65, a P/E/G ratio of 1.67 and a beta of 1.25.

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

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total value of $17,073,388.08. Following the transaction, the chairman now directly owns 85 shares of the company's stock, valued at $57,878.20. This trade represents a 99.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Anne M. Sweeney sold 589 shares of the company's stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 185,866 shares of company stock worth $133,393,921. Company insiders own 1.76% of the company's stock.

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.