Russell Investments Group Ltd. Increases Stake in Netflix, Inc. (NASDAQ:NFLX)

Russell Investments Group Ltd. grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 219,698 shares of the Internet television network’s stock after buying an additional 13,373 shares during the quarter. Russell Investments Group Ltd.’s holdings in Netflix were worth $107,040,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Jennison Associates LLC lifted its stake in Netflix by 40.6% during the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares during the last quarter. Northern Trust Corp lifted its stake in Netflix by 2.1% during the third quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after purchasing an additional 96,938 shares during the last quarter. Clearbridge Investments LLC lifted its stake in Netflix by 5.3% during the third quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after purchasing an additional 139,165 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Netflix by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock worth $903,834,000 after purchasing an additional 14,364 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent analyst reports. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Jefferies Financial Group lifted their price target on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, March 12th. BMO Capital Markets reaffirmed an “outperform” rating and set a $713.00 price target (up previously from $638.00) on shares of Netflix in a research report on Wednesday, April 17th. TD Cowen lifted their price target on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, Wedbush reaffirmed an “outperform” rating and set a $725.00 price target on shares of Netflix in a research report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Stock Down 0.6 %

NASDAQ NFLX traded down $3.57 during mid-day trading on Friday, reaching $561.23. 4,332,593 shares of the company’s stock traded hands, compared to its average volume of 4,190,527. Netflix, Inc. has a 1-year low of $315.62 and a 1-year high of $639.00. The company has a fifty day simple moving average of $604.54 and a 200-day simple moving average of $520.48. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The company has a market cap of $241.83 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 1.37 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the firm earned $2.88 EPS. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities research analysts expect that Netflix, Inc. will post 18.13 EPS for the current year.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jay C. Hoag sold 8,866 shares of Netflix stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $562.85, for a total value of $4,990,228.10. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock worth $89,548,241 in the last 90 days. 2.45% of the stock is 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.