Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lifted by AXS Investments LLC

AXS Investments LLC lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 13,332 shares of the Internet television network’s stock after purchasing an additional 742 shares during the period. Netflix comprises 1.6% of AXS Investments LLC’s holdings, making the stock its 7th biggest position. AXS Investments LLC’s holdings in Netflix were worth $6,491,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new position in Netflix during the fourth quarter valued at $2,558,598,000. International Assets Investment Management LLC boosted its stake in shares of Netflix by 15,039.1% in 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 buying an additional 2,061,859 shares during the last quarter. Jennison Associates LLC grew its holdings 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 acquiring an additional 1,573,978 shares during the period. Assenagon Asset Management S.A. raised its position in Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after acquiring an additional 392,427 shares in the last quarter. Finally, Alecta Tjanstepension Omsesidigt boosted its position in Netflix by 171.4% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after purchasing an additional 300,000 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.7 %

Shares of NFLX traded down $4.80 during mid-day trading on Thursday, hitting $635.67. 2,257,707 shares of the company’s stock were exchanged, compared to its average volume of 4,247,040. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. Netflix, Inc. has a fifty-two week low of $344.73 and a fifty-two week high of $650.88. The stock’s 50-day moving average is $606.33 and its 200-day moving average is $546.83. The company has a market cap of $273.97 billion, a price-to-earnings ratio of 43.78, a P/E/G ratio of 1.41 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period last year, the business earned $2.88 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Insider Activity

In other news, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider David A. Hyman sold 268 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of the company’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 78,039 shares of company stock valued at $46,401,083. 1.76% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on NFLX. Macquarie lifted their price objective on shares of Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. UBS Group increased their price target on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research report on Tuesday, February 27th. DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a research report on Thursday, January 25th. Wells Fargo & Company increased their price objective on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Finally, TD Cowen upped their price target on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $630.53.

About Netflix

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.