US Asset Management LLC Takes $651,000 Position in Netflix, Inc. (NASDAQ:NFLX)

US Asset Management LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,337 shares of the Internet television network’s stock, valued at approximately $651,000.

Other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC lifted its stake in Netflix by 15,039.1% during the 4th 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 in the last quarter. Jennison Associates LLC boosted its position in shares of 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 period. Assenagon Asset Management S.A. grew its stake in Netflix by 142.6% during 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 in the last quarter. Alecta Tjanstepension Omsesidigt increased its holdings in Netflix by 171.4% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after acquiring an additional 300,000 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Netflix in the 3rd quarter worth approximately $99,219,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 5,821 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $3,492,600.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,854,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Netflix news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 5,821 shares of Netflix stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $3,492,600.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,854,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,475 shares of company stock worth $46,055,306. 1.76% of the stock is owned by insiders.

Netflix Stock Down 0.3 %

Shares of NFLX traded down $1.95 on Friday, hitting $610.14. 1,589,584 shares of the stock traded hands, compared to its average volume of 4,346,991. The company has a market capitalization of $262.95 billion, a PE ratio of 42.30, a P/E/G ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a one year low of $329.61 and a one year high of $639.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50 day simple moving average of $603.29 and a 200 day simple moving average of $532.72.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same period in the prior year, the company posted $2.88 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities analysts forecast that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on NFLX. Robert W. Baird raised their price target on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Barclays raised their price objective on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 9th. DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a research report on Thursday, January 25th. Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and reduced their price objective for the company from $720.00 to $585.00 in a research report on Friday, April 19th. Finally, Macquarie upped their target price on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $631.15.

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.