Oak Ridge Investments LLC Acquires 1,250 Shares of Netflix, Inc. (NASDAQ:NFLX)

Oak Ridge Investments LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,260 shares of the Internet television network's stock after purchasing an additional 1,250 shares during the quarter. Netflix accounts for 1.4% of Oak Ridge Investments LLC's holdings, making the stock its 13th biggest holding. Oak Ridge Investments LLC's holdings in Netflix were worth $18,058,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp lifted its stake in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of 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 buying an additional 123,029 shares during the last quarter. Jennison Associates LLC boosted 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 valued at $4,958,417,000 after buying an additional 316,594 shares in the last quarter. International Assets Investment Management LLC grew its position in Netflix by 116,620.0% in 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 during the last quarter. Finally, Wellington Management Group LLP raised its stake in 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 worth $3,473,571,000 after acquiring an additional 23,702 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Netflix Stock Up 1.9 %

Shares of NFLX traded up $15.73 during trading hours on Friday, hitting $858.10. The stock had a trading volume of 3,563,913 shares, compared to its average volume of 2,297,633. Netflix, Inc. has a 1-year low of $476.06 and a 1-year high of $941.75. The firm has a market capitalization 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 firm has a 50 day simple moving average of $884.58 and a 200-day simple moving average of $759.04. 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 (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts' consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to analysts' expectations of $9.77 billion. Sell-side analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research reports. Pivotal Research lifted their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a "buy" rating in a report on Wednesday, November 20th. The Goldman Sachs Group raised their target price on shares of Netflix from $750.00 to $850.00 and gave the company a "neutral" rating in a research report on Wednesday, January 8th. Rosenblatt Securities reiterated a "neutral" rating and set a $680.00 price target on shares of Netflix in a report on Thursday. Benchmark raised their price objective on Netflix from $555.00 to $720.00 and gave the company a "sell" rating in a report on Friday, January 3rd. Finally, StockNews.com upgraded Netflix from a "hold" rating to a "buy" rating in a research report on Saturday, December 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $845.06.

Insider Buying and Selling

In related news, Director Richard N. Barton sold 5,698 shares of the firm's stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares of the company's stock, valued at approximately $185,976. This trade represents a 95.86 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the business's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock worth $127,616,898 in the last ninety days. Corporate insiders own 1.76% of the company's stock.

Netflix Company 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.