Netflix, Inc. (NASDAQ:NFLX) Stock Position Lifted by Choreo LLC

Choreo LLC boosted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 31.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,647 shares of the Internet television network’s stock after purchasing an additional 1,339 shares during the period. Choreo LLC’s holdings in Netflix were worth $2,749,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its stake in Netflix by 15,039.1% in the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares during the last quarter. Jennison Associates LLC lifted its stake in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after acquiring an additional 1,573,978 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after acquiring an additional 392,427 shares during the last quarter. Alecta Tjanstepension Omsesidigt lifted its stake in Netflix by 171.4% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock valued at $231,258,000 after acquiring an additional 300,000 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Netflix in the third quarter valued at approximately $99,219,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and issued a $713.00 target price (up from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research note on Monday, April 15th. Canaccord Genuity Group restated a “hold” rating and issued a $585.00 price objective (down from $720.00) on shares of Netflix in a research note on Friday, April 19th. Guggenheim boosted their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, April 16th. Finally, Morgan Stanley boosted their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Stock Down 0.3 %

NFLX opened at $559.49 on Tuesday. The firm’s 50-day simple moving average is $604.05 and its 200-day simple moving average is $522.96. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The firm has a market cap of $241.08 billion, a price-to-earnings ratio of 38.83, a PEG ratio of 1.37 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter in the prior year, the firm earned $2.88 EPS. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts anticipate that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the transaction, the chairman now owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 154,573 shares of company stock valued at $89,548,241. 1.76% of the stock is owned by insiders.

About Netflix

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.