Mason & Associates Inc Acquires Shares of 298 Netflix, Inc. (NASDAQ:NFLX)

Mason & Associates Inc bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, Holdings Channel reports. The firm bought 298 shares of the Internet television network’s stock, valued at approximately $265,000.

Several other institutional investors and hedge funds have also modified their holdings of NFLX. State Street Corp boosted 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 purchasing an additional 426,740 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after buying an additional 123,029 shares during the last quarter. Jennison Associates LLC grew its stake in shares of Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after buying an additional 316,594 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after buying an additional 23,702 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Price Performance

NASDAQ:NFLX opened at $860.00 on Thursday. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The firm has a market capitalization of $367.62 billion, a price-to-earnings ratio of 48.67, a P/E/G ratio of 1.35 and a beta of 1.27. The stock’s 50 day moving average price is $881.04 and its two-hundred day moving average price is $755.96. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In related 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 sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock valued at $131,030,268 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on NFLX shares. Loop Capital downgraded shares of Netflix from a “buy” rating to a “hold” rating and boosted their target price for the stock from $800.00 to $950.00 in a research report on Monday, December 16th. JPMorgan Chase & Co. decreased their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft raised their target price on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Wolfe Research reiterated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Finally, Canaccord Genuity Group raised their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research note on Monday, December 2nd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $845.82.

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.