DSM Capital Partners LLC Buys Shares of 168 Netflix, Inc. (NASDAQ:NFLX)

DSM Capital Partners LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, Holdings Channel reports. The fund bought 168 shares of the Internet television network’s stock, valued at approximately $82,000.

A number of other hedge funds have also added to or reduced their stakes in NFLX. Norges Bank purchased a new position in Netflix during the 4th quarter valued at about $2,558,598,000. International Assets Investment Management LLC boosted its position in shares of 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 during the last quarter. Jennison Associates LLC boosted its position in shares of Netflix by 40.6% during the 4th 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 last quarter. Alecta Tjanstepension Omsesidigt boosted its position in shares of Netflix by 171.4% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock valued at $231,258,000 after acquiring an additional 300,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in shares of Netflix during the 3rd quarter valued at about $99,219,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, Director Ann Mather sold 3,673 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Gregory K. Peters sold 5,821 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $7,854,000. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,039 shares of company stock valued at $46,401,083 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Seaport Res Ptn downgraded Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Loop Capital lifted their price target on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a research report on Monday, March 18th. JPMorgan Chase & Co. lifted their price target on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. Canaccord Genuity Group downgraded Netflix from a “buy” rating to a “hold” rating and dropped their price target for the company from $720.00 to $585.00 in a research report on Friday, April 19th. Finally, Wells Fargo & Company boosted their target price on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $630.53.

Netflix Stock Up 1.7 %

NFLX stock traded up $11.08 during midday trading on Friday, hitting $646.75. The stock had a trading volume of 2,615,260 shares, compared to its average volume of 3,191,080. The firm has a market cap of $278.75 billion, a price-to-earnings ratio of 44.88, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. The business has a 50-day moving average of $607.60 and a two-hundred day moving average of $549.72. Netflix, Inc. has a 52-week low of $344.73 and a 52-week high of $652.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.88 earnings per share. As a group, equities research analysts forecast that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

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.