Kessler Investment Group LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 16,015 shares of the Internet television network’s stock, valued at approximately $4,287,000. Netflix comprises about 5.5% of Kessler Investment Group LLC’s investment portfolio, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. Capital International Investors acquired a new position in shares of Netflix during the 3rd quarter worth about $1,231,337,000. FMR LLC raised its holdings in Netflix by 6.1% in the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after acquiring an additional 1,534,290 shares in the last quarter. SG Americas Securities LLC raised its holdings in Netflix by 109.2% in the 3rd quarter. SG Americas Securities LLC now owns 89,706 shares of the Internet television network’s stock valued at $33,562,000 after acquiring an additional 1,063,944 shares in the last quarter. PointState Capital LP raised its holdings in Netflix by 1,249.4% in the 2nd quarter. PointState Capital LP now owns 504,685 shares of the Internet television network’s stock valued at $197,549,000 after acquiring an additional 467,285 shares in the last quarter. Finally, Capital World Investors raised its holdings in Netflix by 4.6% in the 3rd quarter. Capital World Investors now owns 10,188,305 shares of the Internet television network’s stock valued at $3,811,751,000 after acquiring an additional 443,510 shares in the last quarter. 73.97% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on NFLX shares. BidaskClub raised Netflix from a “hold” rating to a “buy” rating in a report on Friday, September 14th. SunTrust Banks set a $410.00 price objective on Netflix and gave the company a “buy” rating in a research note on Monday, September 17th. Guggenheim increased their price target on Netflix from $360.00 to $420.00 and gave the stock a “buy” rating in a research report on Wednesday, September 19th. Robert W. Baird restated a “neutral” rating and set a $370.00 price target on shares of Netflix in a research report on Monday, September 24th. Finally, Macquarie set a $388.00 price target on Netflix and gave the stock a “buy” rating in a research report on Wednesday, September 26th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $365.74.

In related news, Director Timothy M. Haley sold 21,882 shares of the firm’s stock in a transaction on Tuesday, October 16th. The stock was sold at an average price of $336.41, for a total transaction of $7,361,323.62. Following the sale, the director now owns 9,177 shares of the company’s stock, valued at approximately $3,087,234.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Reed Hastings sold 63,147 shares of the firm’s stock in a transaction on Monday, December 24th. The stock was sold at an average price of $241.12, for a total value of $15,226,004.64. Following the sale, the chief executive officer now directly owns 63,147 shares in the company, valued at approximately $15,226,004.64. The disclosure for this sale can be found here. In the last three months, insiders sold 289,664 shares of company stock worth $84,528,831. 4.29% of the stock is currently owned by company insiders.

Shares of NFLX stock traded up $12.76 during trading hours on Friday, reaching $337.42. The company had a trading volume of 13,977,936 shares, compared to its average volume of 12,209,807. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.66. The company has a market cap of $139.53 billion, a P/E ratio of 269.94, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. Netflix, Inc. has a 1-year low of $213.35 and a 1-year high of $423.21.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.68 by $0.21. The company had revenue of $4 billion for the quarter, compared to the consensus estimate of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The firm’s quarterly revenue was up 34.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.29 EPS. Research analysts anticipate that Netflix, Inc. will post 2.63 earnings per share for the current fiscal year.

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Netflix Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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