Public Employees Retirement System of Ohio grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 294,458 shares of the Internet television network’s stock after buying an additional 8,557 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Netflix were worth $56,524,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Lincoln National Corp boosted its stake in shares of Netflix by 7.0% in the 3rd quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock valued at $742,000 after purchasing an additional 268 shares in the last quarter. BB&T Corp boosted its stake in shares of Netflix by 20.0% in the 3rd quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock valued at $700,000 after purchasing an additional 642 shares in the last quarter. Mizuho Securities USA LLC purchased a new stake in shares of Netflix in the 3rd quarter valued at $9,793,000. AGF Investments Inc. purchased a new stake in shares of Netflix in the 3rd quarter valued at $60,036,000. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH purchased a new stake in shares of Netflix in the 3rd quarter valued at $4,204,000. 82.38% of the stock is owned by institutional investors and hedge funds.

Netflix, Inc. (NASDAQ NFLX) opened at $258.27 on Wednesday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. Netflix, Inc. has a 1-year low of $138.26 and a 1-year high of $286.81. The company has a market cap of $111,937.00, a price-to-earnings ratio of 206.36, a price-to-earnings-growth ratio of 3.60 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The business had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 32.6% on a year-over-year basis. sell-side analysts predict that Netflix, Inc. will post 2.69 earnings per share for the current fiscal year.

NFLX has been the subject of a number of research reports. Bank of America upped their price objective on shares of Netflix from $199.00 to $225.00 in a research note on Tuesday, October 17th. Cantor Fitzgerald set a $235.00 price objective on shares of Netflix and gave the company a “buy” rating in a research note on Tuesday, October 17th. FBR & Co reaffirmed a “buy” rating and issued a $207.00 price objective (up previously from $172.00) on shares of Netflix in a research note on Tuesday, October 17th. Pivotal Research upped their price objective on shares of Netflix from $200.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, UBS Group reaffirmed a “buy” rating and issued a $237.00 price objective (up previously from $225.00) on shares of Netflix in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $237.49.

In related news, Director Richard N. Barton sold 350 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the completion of the transaction, the director now directly owns 7,171 shares in the company, valued at approximately $1,331,726.41. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Reed Hastings sold 75,243 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $196.25, for a total transaction of $14,766,438.75. Following the completion of the transaction, the chief executive officer now owns 75,243 shares of the company’s stock, valued at $14,766,438.75. The disclosure for this sale can be found here. Insiders sold a total of 459,885 shares of company stock valued at $105,163,627 over the last 90 days. Company insiders own 4.90% of the company’s stock.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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