O Shaughnessy Asset Management LLC Has $49.95 Million Position in Netflix, Inc. (NASDAQ:NFLX)

O Shaughnessy Asset Management LLC lifted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 56,035 shares of the Internet television network's stock after acquiring an additional 6,100 shares during the period. O Shaughnessy Asset Management LLC's holdings in Netflix were worth $49,945,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Netflix in the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC lifted its stake in Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. State Street Corp boosted its position in Netflix by 2.6% during 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. Finally, Strategic Financial Concepts LLC grew its stake in shares of Netflix by 112,896.4% during the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock worth $340,420,000 after acquiring an additional 381,590 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

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Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold 288,583 shares of company stock worth $279,611,567 over the last ninety days. 1.76% of the stock is owned by insiders.

Netflix Trading Up 1.1 %

Shares of NASDAQ:NFLX traded up $10.17 during midday trading on Wednesday, hitting $938.55. 1,989,646 shares of the stock were exchanged, compared to its average volume of 3,586,820. The business's 50-day moving average price is $974.40 and its 200 day moving average price is $872.78. Netflix, Inc. has a 12 month low of $542.01 and a 12 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 stock has a market capitalization of $401.47 billion, a price-to-earnings ratio of 47.33, a P/E/G ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for 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 company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. Analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on NFLX shares. Morgan Stanley boosted their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Macquarie upped their target price on Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Benchmark raised Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and upped their price target for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, KeyCorp raised their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. 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 company. According to data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,021.02.

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.