Boston Common Asset Management LLC Purchases 12,228 Shares of Netflix, Inc. (NASDAQ:NFLX)

Boston Common Asset Management LLC boosted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 47.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,196 shares of the Internet television network’s stock after acquiring an additional 12,228 shares during the period. Netflix comprises about 1.0% of Boston Common Asset Management LLC’s portfolio, making the stock its 16th largest position. Boston Common Asset Management LLC’s holdings in Netflix were worth $34,045,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its position in shares of Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after acquiring an additional 642,920 shares in the last quarter. State Street Corp lifted its position 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 last quarter. Jennison Associates LLC boosted its stake in Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after acquiring an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Netflix in the third quarter worth $222,871,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In related news, Director Richard N. Barton sold 5,698 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $185,976. This trade represents a 95.86 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 152,198 shares of company stock worth $127,616,898. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.4 %

Shares of Netflix stock traded up $12.19 during mid-day trading on Friday, hitting $854.56. The stock had a trading volume of 666,898 shares, compared to its average volume of 2,947,873. The firm has a market cap of $365.29 billion, a P/E ratio of 48.42, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. 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 50-day moving average of $882.41 and a two-hundred day moving average of $756.61. Netflix, Inc. has a 12-month low of $476.06 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during 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%. Sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Needham & Company LLC raised their price objective on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Morgan Stanley raised their price target on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Barclays upped 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. Piper Sandler boosted their target price on shares of Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, BMO Capital Markets upped their price target on shares of Netflix from $825.00 to $1,000.00 and gave the company an “outperform” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $845.06.

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.