Retireful LLC Boosts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Retireful LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 81.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,638 shares of the Internet television network’s stock after purchasing an additional 735 shares during the quarter. Retireful LLC’s holdings in Netflix were worth $1,460,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NFLX. State Street Corp grew its position in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Geode Capital Management LLC lifted its position in Netflix by 1.4% in the third 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 purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC boosted its stake in shares of Netflix by 4.7% during 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 purchasing an additional 316,594 shares during the period. International Assets Investment Management LLC grew its holdings in shares of 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 purchasing an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of 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 period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $842.37 on Friday. 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 $360.08 billion, a price-to-earnings ratio of 47.67, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a current ratio of 1.13, a quick 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 200 day moving average of $756.61.

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

Wall Street Analyst Weigh In

NFLX has been the subject of several analyst reports. Benchmark increased their price target on shares of Netflix from $555.00 to $720.00 and gave the company a “sell” rating in a research report on Friday, January 3rd. Bank of America upped their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Morgan Stanley boosted their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Needham & Company LLC lifted 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. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st. Two 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 company. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $845.06.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction on 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 represents a 99.76 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock valued at $127,616,898 over the last ninety days. 1.76% of the stock is currently owned by company insiders.

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.