Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Fmr LLC

Fmr LLC grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.8% during the 4th quarter, HoldingsChannel reports. The firm owned 20,887,090 shares of the Internet television network’s stock after buying an additional 375,234 shares during the quarter. Netflix accounts for about 1.1% of Fmr LLC’s investment portfolio, making the stock its 11th biggest holding. Fmr LLC’s holdings in Netflix were worth $18,617,081,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in NFLX. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares in the last quarter. Newton One Investments LLC acquired a new position in shares of Netflix during the 4th quarter worth about $34,000. Pineridge Advisors LLC lifted its stake in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares in the last quarter. Princeton Global Asset Management LLC boosted its holdings in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. purchased a new stake in Netflix during the 4th quarter worth approximately $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Activity at Netflix

In other news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold a total of 280,676 shares of company stock valued at $273,515,672 in the last three months. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of NFLX opened at $855.86 on Friday. The company has a market capitalization of $366.10 billion, a price-to-earnings ratio of 43.16, a price-to-earnings-growth 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, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The stock has a 50 day moving average price of $970.24 and a 200 day moving average price of $875.80.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NFLX. Oppenheimer lifted their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Bank of America upped their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research note on Wednesday, January 22nd. FBN Securities assumed coverage on shares of Netflix in a research report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price target on the stock. Finally, Morgan Stanley increased their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,023.74.

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.