Massachusetts Financial Services Co. MA Buys 229,271 Shares of Netflix, Inc. (NASDAQ:NFLX)

Massachusetts Financial Services Co. MA increased its stake in Netflix, Inc. (NASDAQ:NFLX) by 5,835.4% during the third quarter, Holdings Channel reports. The firm owned 233,200 shares of the Internet television network’s stock after acquiring an additional 229,271 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Netflix were worth $165,402,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Advisors Asset Management Inc. raised its position in Netflix by 10.2% during the first quarter. Advisors Asset Management Inc. now owns 5,092 shares of the Internet television network’s stock valued at $3,093,000 after purchasing an additional 471 shares in the last quarter. Epoch Investment Partners Inc. acquired a new position in shares of Netflix during the 1st quarter worth $260,000. Caxton Associates LP bought a new stake in shares of Netflix during the 1st quarter worth $11,945,000. Captrust Financial Advisors boosted its stake in Netflix by 161.3% in the first quarter. Captrust Financial Advisors now owns 289,801 shares of the Internet television network’s stock valued at $176,005,000 after buying an additional 178,903 shares in the last quarter. Finally, Waverly Advisors LLC grew its position in Netflix by 58.2% in the first quarter. Waverly Advisors LLC now owns 3,368 shares of the Internet television network’s stock valued at $2,046,000 after acquiring an additional 1,239 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on NFLX. Loop Capital raised their price target on shares of Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Canaccord Genuity Group raised their target price on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research report on Friday, October 18th. Bank of America upped their price target on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI increased their price target on Netflix from $750.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, October 18th. Finally, KeyCorp boosted their price objective on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $764.82.

Netflix Stock Up 0.0 %

Shares of NASDAQ NFLX opened at $897.79 on Friday. 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 firm has a market cap of $383.77 billion, a PE ratio of 50.81, a P/E/G ratio of 1.73 and a beta of 1.25. The company’s fifty day simple moving average is $755.40 and its 200 day simple moving average is $690.93. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $908.00.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. As a group, sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the transaction, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 185,866 shares of company stock valued at $133,393,921. Company insiders own 1.76% of the company’s stock.

Netflix 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.