Sterling Capital Management LLC Has $23.83 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Sterling Capital Management LLC grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.6% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 26,735 shares of the Internet television network's stock after acquiring an additional 672 shares during the quarter. Sterling Capital Management LLC's holdings in Netflix were worth $23,829,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NFLX. Vanguard Group Inc. raised its holdings in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC grew its holdings in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after buying an additional 375,234 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after purchasing an additional 175,596 shares in the last quarter. Norges Bank purchased a new position in shares of Netflix during the 4th quarter valued at $5,019,087,000. Finally, Alliancebernstein L.P. increased its position in Netflix by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after purchasing an additional 82,564 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

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Netflix Trading Up 5.7 %

Shares of NFLX traded up $52.95 on Tuesday, reaching $984.23. 5,715,636 shares of the company's stock were exchanged, compared to its average volume of 3,700,250. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The stock has a market capitalization of $421.01 billion, a P/E ratio of 49.63, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. 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 business has a 50 day moving average price of $958.50 and a two-hundred day moving average price of $887.03.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $10.14 billion. During the same period in the previous year, the firm earned $2.11 earnings per share. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 102,228 shares of the company's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the sale, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ann Mather sold 2,682 shares of Netflix 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. Insiders have sold 274,312 shares of company stock worth $267,919,297 in the last ninety days. Company insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

NFLX has been the topic of a number of research reports. Bank of America increased their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. UBS Group reduced their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a research note on Tuesday. Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price on the stock in a report on Thursday, January 23rd. Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, FBN Securities assumed coverage on Netflix in a research note on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $1,021.31.

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.