International Assets Investment Management LLC Has $6.89 Million Position in Netflix, Inc. (NASDAQ:NFLX)

International Assets Investment Management LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 99.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 7,772 shares of the Internet television network’s stock after selling 5,745,357 shares during the period. International Assets Investment Management LLC’s holdings in Netflix were worth $6,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Assenagon Asset Management S.A. boosted its position in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after acquiring an additional 642,920 shares during the period. State Street Corp boosted its holdings in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after purchasing an additional 426,740 shares during the period. Jennison Associates LLC grew its position in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the last quarter. Westfield Capital Management Co. LP bought a new stake in shares of Netflix in the third quarter valued at about $222,871,000. Finally, AustralianSuper Pty Ltd increased its stake in Netflix by 12,243.4% during the third quarter. AustralianSuper Pty Ltd now owns 290,071 shares of the Internet television network’s stock valued at $205,739,000 after acquiring an additional 287,721 shares during the period. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent research reports. Morgan Stanley lifted their price objective on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Jefferies Financial Group increased their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Macquarie reiterated an “outperform” rating and set a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Finally, Pivotal Research increased their target price on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $824.30.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $9,817,500. This trade represents a 24.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated 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 sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,761 shares of company stock valued at $125,713,484. Corporate insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NFLX stock traded down $4.67 during trading hours on Wednesday, reaching $874.52. The stock had a trading volume of 490,595 shares, compared to its average volume of 2,348,758. The stock’s fifty day simple moving average is $871.62 and its 200 day simple moving average is $749.78. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $373.82 billion, a PE ratio of 49.49, a PEG ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 12 month low of $472.95 and a 12 month high of $941.75.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. On average, equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

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.