Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its holdings in Netflix, Inc. (NASDAQ:NFLXFree Report) by 31.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,658 shares of the Internet television network’s stock after selling 6,650 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Netflix were worth $5,535,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in NFLX. Norges Bank purchased a new position in shares of Netflix during the 4th quarter worth approximately $1,501,762,000. Moneta Group Investment Advisors LLC boosted its position in shares of Netflix by 117,939.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock worth $808,575,000 after purchasing an additional 2,739,725 shares during the period. Portside Wealth Group LLC purchased a new position in shares of Netflix during the 2nd quarter worth approximately $574,761,000. BlackRock Inc. boosted its position in shares of Netflix by 4.3% during the 2nd quarter. BlackRock Inc. now owns 29,911,686 shares of the Internet television network’s stock worth $13,175,799,000 after purchasing an additional 1,240,512 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Netflix by 202.7% in the 2nd quarter. Alliancebernstein L.P. now owns 1,790,092 shares of the Internet television network’s stock valued at $788,518,000 after buying an additional 1,198,774 shares during the period. Hedge funds and other institutional investors own 79.95% of the company’s stock.

Insider Transactions at Netflix

In related news, Director Richard N. Barton sold 6,842 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $459.36, for a total transaction of $3,142,941.12. Following the sale, the director now owns 152 shares of the company’s stock, valued at $69,822.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director Richard N. Barton sold 6,842 shares of the business’s stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $459.36, for a total transaction of $3,142,941.12. Following the sale, the director now owns 152 shares of the company’s stock, valued at $69,822.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Spencer Adam Neumann sold 565 shares of the business’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $565.37, for a total transaction of $319,434.05. The disclosure for this sale can be found here. Insiders have sold a total of 199,034 shares of company stock worth $105,092,630 over the last ninety days. 2.45% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NFLX shares. Rosenblatt Securities raised their price target on shares of Netflix from $400.00 to $404.00 and gave the company a “neutral” rating in a research report on Thursday, October 19th. Robert W. Baird raised their price target on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Oppenheimer raised their price target on shares of Netflix from $600.00 to $615.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Canaccord Genuity Group raised their price target on shares of Netflix from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, TD Cowen lifted their price objective on shares of Netflix from $565.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $553.33.

Get Our Latest Report on NFLX

Netflix Trading Up 0.5 %

Shares of Netflix stock opened at $561.32 on Monday. Netflix, Inc. has a 52-week low of $285.33 and a 52-week high of $579.64. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The company’s 50-day simple moving average is $500.31 and its 200-day simple moving average is $447.87. The firm has a market cap of $242.92 billion, a price-to-earnings ratio of 46.74, a price-to-earnings-growth ratio of 1.53 and a beta of 1.22.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter last year, the firm earned $0.12 earnings per share. The company’s revenue was up 12.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Netflix, Inc. will post 16.93 earnings per share for the current year.

Netflix Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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