740 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Saxony Capital Management LLC

Saxony Capital Management LLC bought a new position in Netflix, Inc. (NASDAQ:NFLXFree Report) during the 4th quarter, HoldingsChannel reports. The fund bought 740 shares of the Internet television network’s stock, valued at approximately $360,000.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Netflix by 0.4% in the first quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock worth $5,595,196,000 after buying an additional 62,507 shares during the period. Morgan Stanley increased its position in Netflix by 11.1% during the 4th quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock valued at $1,906,005,000 after purchasing an additional 644,162 shares during the period. Norges Bank purchased a new position in Netflix during the 4th quarter valued at $1,501,762,000. Northern Trust Corp increased its position in Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after purchasing an additional 96,938 shares during the period. Finally, Jennison Associates LLC increased its position in Netflix by 24.3% during the 3rd quarter. Jennison Associates LLC now owns 3,878,293 shares of the Internet television network’s stock valued at $1,464,444,000 after purchasing an additional 759,378 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Benchmark boosted their price objective on shares of Netflix from $350.00 to $425.00 and gave the company a “sell” rating in a research report on Friday, January 19th. Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. TD Cowen boosted their price objective on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research report on Monday, April 8th. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Finally, Evercore ISI upped their target price on shares of Netflix from $600.00 to $640.00 and gave the stock an “outperform” rating in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a 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 $596.97.

Check Out Our Latest Research Report on Netflix

Insider Activity

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Jay C. Hoag sold 47,000 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $550.50, for a total transaction of $25,873,500.00. Following the completion of the sale, the director now owns 431,034 shares of the company’s stock, valued at approximately $237,284,217. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Insiders sold 268,335 shares of company stock valued at $151,619,811 in the last quarter. 2.45% of the stock is currently owned by insiders.

Netflix Price Performance

NFLX opened at $622.83 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market capitalization of $269.54 billion, a P/E ratio of 51.86, a P/E/G ratio of 1.69 and a beta of 1.22. The company’s 50-day simple moving average is $601.51 and its two-hundred day simple moving average is $506.22. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00.

Netflix (NASDAQ:NFLXGet Free Report) last posted its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. Netflix’s revenue was up 12.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 EPS. As a group, analysts predict that Netflix, Inc. will post 17.02 EPS for the current year.

Netflix Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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