Los Angeles Capital Management LLC Buys 169,520 Shares of Netflix, Inc. (NASDAQ:NFLX)

Los Angeles Capital Management LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 41.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 583,278 shares of the Internet television network’s stock after buying an additional 169,520 shares during the quarter. Netflix comprises approximately 2.1% of Los Angeles Capital Management LLC’s investment portfolio, making the stock its 9th biggest holding. Los Angeles Capital Management LLC owned 0.14% of Netflix worth $519,887,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. AMF Tjanstepension AB grew its stake in shares of Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after acquiring an additional 4,701 shares in the last quarter. Swedbank AB lifted its position in Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after buying an additional 8,024 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its stake in shares of Netflix by 17.0% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 634 shares of the Internet television network’s stock worth $450,000 after buying an additional 92 shares during the last quarter. GHP Investment Advisors Inc. boosted its stake in shares of Netflix by 180.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 359 shares of the Internet television network’s stock worth $255,000 after buying an additional 231 shares during the last quarter. Finally, Modera Wealth Management LLC grew its holdings in shares of Netflix by 5.5% in the 3rd quarter. Modera Wealth Management LLC now owns 1,758 shares of the Internet television network’s stock valued at $1,247,000 after acquiring an additional 92 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was 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 directly owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 303,220 shares of company stock valued at $289,856,164 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on NFLX shares. The Goldman Sachs Group raised their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Argus lifted their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Morgan Stanley upped their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Trading Down 1.5 %

Shares of Netflix stock opened at $988.47 on Tuesday. The stock has a market capitalization of $422.82 billion, a PE ratio of 49.85, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The stock has a 50 day moving average price of $941.89 and a two-hundred day moving average price of $823.89. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the business posted $2.11 EPS. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.