Fisher Asset Management LLC Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fisher Asset Management LLC grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the third quarter, Holdings Channel reports. The firm owned 4,481,939 shares of the Internet television network’s stock after purchasing an additional 123,987 shares during the period. Netflix makes up approximately 1.3% of Fisher Asset Management LLC’s investment portfolio, making the stock its 20th largest position. Fisher Asset Management LLC’s holdings in Netflix were worth $3,178,905,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of NFLX. Jennison Associates LLC lifted its holdings in shares of Netflix by 4.7% in the 3rd 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 last quarter. International Assets Investment Management LLC lifted its stake in 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 valued at $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Netflix by 2.3% in the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after buying an additional 106,756 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Netflix by 3.1% in the second quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after acquiring an additional 104,332 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Netflix by 2.6% during the second quarter. Bank of New York Mellon Corp now owns 3,281,306 shares of the Internet television network’s stock worth $2,214,488,000 after acquiring an additional 83,762 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $897.79 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The business’s fifty day moving average price is $755.40 and its two-hundred day moving average price is $691.50. The stock has a market cap of $383.77 billion, a PE ratio of 50.81, a price-to-earnings-growth ratio of 1.73 and a beta of 1.25. Netflix, Inc. has a one year low of $445.73 and a one year high of $908.00.

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

Analysts Set New Price Targets

NFLX has been the subject of a number of recent research reports. UBS Group increased their price target on shares of Netflix from $750.00 to $825.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets reiterated an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a research note on Friday, October 18th. JPMorgan Chase & Co. boosted their price target on Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. The Goldman Sachs Group set a $750.00 price objective on Netflix in a research report on Friday, October 18th. Finally, Loop Capital boosted their target price on Netflix from $750.00 to $800.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $764.82.

Insider Transactions at Netflix

In other news, Director Timothy M. Haley sold 647 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Insiders sold a total of 185,866 shares of company stock worth $133,393,921 over the last ninety days. 1.76% of the stock is currently owned by corporate 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.