AMI Asset Management Corp Has $75.08 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

AMI Asset Management Corp lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.5% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 84,234 shares of the Internet television network’s stock after selling 2,142 shares during the period. Netflix accounts for about 4.0% of AMI Asset Management Corp’s investment portfolio, making the stock its 6th biggest holding. AMI Asset Management Corp’s holdings in Netflix were worth $75,080,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. State Street Corp raised its holdings in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the period. Geode Capital Management LLC raised its stake in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after purchasing an additional 123,029 shares during the period. Jennison Associates LLC lifted its holdings 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 in the last quarter. International Assets Investment Management LLC lifted its holdings in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in Netflix by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after buying an additional 23,702 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 1.9 %

NFLX opened at $858.10 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average is $885.64 and its two-hundred day moving average is $760.81. The company has a market capitalization of $366.80 billion, a P/E ratio of 48.56, a PEG ratio of 1.40 and a beta of 1.27. Netflix, Inc. has a 52 week low of $476.06 and a 52 week high of $941.75.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NFLX. Needham & Company LLC upped their target price on shares of Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Barclays increased their price objective on shares of Netflix from $550.00 to $715.00 and gave the company an “underweight” rating in a report on Tuesday, January 14th. UBS Group lifted their target price on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Bank of America increased their price target on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Finally, The Goldman Sachs Group lifted their price objective on Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Insider Transactions at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 152,198 shares of company stock valued at $127,616,898. 1.76% of the stock is currently owned by corporate insiders.

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.