Netflix, Inc. (NFLX) Position Lifted by State of Alaska Department of Revenue

State of Alaska Department of Revenue boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 806.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 44,960 shares of the Internet television network’s stock after purchasing an additional 40,000 shares during the period. State of Alaska Department of Revenue’s holdings in Netflix were worth $8,629,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Bank of New York Mellon Corp increased its position in Netflix by 5.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock worth $659,809,000 after buying an additional 172,229 shares during the period. Tybourne Capital Management HK Ltd. increased its position in Netflix by 3.6% in the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 2,400,536 shares of the Internet television network’s stock worth $358,664,000 after buying an additional 84,341 shares during the period. Janus Henderson Group PLC increased its position in Netflix by 3,478.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after buying an additional 1,984,404 shares during the period. Legal & General Group Plc increased its position in Netflix by 3.3% in the 3rd quarter. Legal & General Group Plc now owns 1,855,088 shares of the Internet television network’s stock worth $336,420,000 after buying an additional 58,691 shares during the period. Finally, Swiss National Bank increased its position in Netflix by 1.0% in the 3rd quarter. Swiss National Bank now owns 1,588,825 shares of the Internet television network’s stock worth $288,133,000 after buying an additional 16,300 shares during the period. 83.27% of the stock is currently owned by institutional investors.

Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $220.46 on Friday. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $95,460.00, a price-to-earnings ratio of 222.69, a P/E/G ratio of 3.59 and a beta of 1.34. Netflix, Inc. has a one year low of $137.03 and a one year high of $226.07.

Several brokerages have commented on NFLX. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a research report on Wednesday, November 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $255.00 price target (up from $235.00) on shares of Netflix in a research report on Thursday. Buckingham Research reaffirmed a “buy” rating and issued a $251.00 price target (up from $235.00) on shares of Netflix in a research report on Thursday. KeyCorp reaffirmed an “overweight” rating and issued a $270.00 price target (up from $230.00) on shares of Netflix in a research report on Friday. Finally, Wedbush set a $93.00 price target on Netflix and gave the stock a “sell” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and thirty-five have given a buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average price target of $213.56.

In other Netflix news, Director Ann Mather sold 3,885 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $200.00, for a total value of $777,000.00. Following the transaction, the director now owns 1,015 shares of the company’s stock, valued at $203,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $185.71, for a total value of $64,998.50. Following the completion of the transaction, the director now directly owns 7,171 shares in the company, valued at approximately $1,331,726.41. The disclosure for this sale can be found here. In the last ninety days, insiders sold 341,551 shares of company stock worth $66,457,350. 4.90% of the stock is owned by insiders.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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