Northern Trust Corp Has $4.08 Billion Stake in Netflix, Inc. (NASDAQ:NFLX)

Northern Trust Corp increased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 4,574,006 shares of the Internet television network's stock after purchasing an additional 570,674 shares during the period. Netflix comprises about 0.6% of Northern Trust Corp's investment portfolio, making the stock its 22nd biggest holding. Northern Trust Corp owned 1.07% of Netflix worth $4,076,903,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB lifted its position in Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after buying an additional 156,958 shares in the last quarter. First National Trust Co lifted its position in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after buying an additional 12 shares in the last quarter. Haven Private LLC purchased a new stake in Netflix in the 4th quarter worth approximately $733,000. Sigma Planning Corp lifted its position in Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after buying an additional 386 shares in the last quarter. Finally, Quilter Plc raised its holdings in shares of Netflix by 8.2% during the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after purchasing an additional 10,946 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on NFLX shares. Oppenheimer restated an "outperform" rating and set a $1,200.00 price target (up previously from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Barclays raised their price target on shares of Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Monday, April 21st. Rosenblatt Securities increased their target price on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Canaccord Genuity Group increased their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Pivotal Research increased their target price on Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,072.12.

Netflix Stock Up 0.4 %

NASDAQ:NFLX opened at $1,101.53 on Monday. Netflix, Inc. has a 1 year low of $544.25 and a 1 year high of $1,106.80. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $468.78 billion, a price-to-earnings ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55. The stock has a 50-day moving average price of $955.92 and a two-hundred day moving average price of $906.10.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the previous year, the company posted $8.28 earnings per share. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction that occurred on 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. Insiders have sold a total of 273,855 shares of company stock worth $267,474,816 over the last three months. Corporate insiders own 1.76% of the company's stock.

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.

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