Fisher Asset Management LLC Raises Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fisher Asset Management LLC increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,527,446 shares of the Internet television network’s stock after acquiring an additional 45,507 shares during the period. Netflix comprises 1.6% of Fisher Asset Management LLC’s portfolio, making the stock its 14th biggest position. Fisher Asset Management LLC’s holdings in Netflix were worth $4,035,404,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. AMF Tjanstepension AB increased its stake in Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after buying an additional 4,701 shares during the period. Swedbank AB increased its position in shares of Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after acquiring an additional 8,024 shares during the period. HM Payson & Co. raised its stake in shares of Netflix by 5.2% during the third quarter. HM Payson & Co. now owns 1,557 shares of the Internet television network’s stock valued at $1,104,000 after acquiring an additional 77 shares in the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Netflix in the third quarter valued at approximately $117,000. Finally, Oak Ridge Investments LLC boosted its holdings in shares of Netflix by 7.6% in the third quarter. Oak Ridge Investments LLC now owns 19,010 shares of the Internet television network’s stock valued at $13,483,000 after purchasing an additional 1,350 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 48,363 shares of Netflix stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. The trade was a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 303,380 shares of company stock worth $290,016,164. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 1.8 %

Shares of Netflix stock opened at $980.56 on Friday. The stock has a market cap of $419.44 billion, a PE ratio of 49.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The firm has a fifty day moving average price of $947.72 and a 200 day moving average price of $830.81. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data 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 business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.11 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NFLX. Arete Research raised Netflix to a “hold” rating in a research report on Thursday, January 23rd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and set a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, KeyCorp upped their price target 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 analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.