Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lifted by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,058 shares of the Internet television network's stock after buying an additional 1,654 shares during the quarter. Netflix makes up about 1.1% of EFG Asset Management North America Corp.'s holdings, making the stock its 12th largest position. EFG Asset Management North America Corp.'s holdings in Netflix were worth $8,075,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Vanguard Group Inc. grew its holdings in 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 buying an additional 171,712 shares during the last quarter. State Street Corp boosted its stake in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Geode Capital Management LLC increased its position 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 worth $6,464,736,000 after purchasing an additional 123,029 shares in the last quarter. Wellington Management Group LLP raised its stake in Netflix by 0.5% in the 3rd 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 purchasing an additional 23,702 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in Netflix by 1.0% in the 4th 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 in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

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Netflix Stock Performance

NASDAQ NFLX traded up $11.78 on Thursday, hitting $982.43. The stock had a trading volume of 1,667,554 shares, compared to its average volume of 3,483,655. The company's 50-day moving average is $967.54 and its two-hundred day moving average is $864.18. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The stock has a market cap of $420.24 billion, a price-to-earnings ratio of 49.56, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The business's revenue was up 16.0% on a year-over-year basis. On average, analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Phillip Securities cut Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Canaccord Genuity Group upgraded shares of Netflix from a "hold" rating to a "buy" rating and increased their price objective for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Wedbush restated an "outperform" rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Finally, Citigroup increased their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,021.02.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total value of $469,526.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ann Mather sold 2,682 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by corporate 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.