IFM Investors Pty Ltd lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 10.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,271 shares of the Internet television network’s stock after purchasing an additional 2,308 shares during the quarter. IFM Investors Pty Ltd’s holdings in Netflix were worth $6,764,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Gemmer Asset Management LLC raised its position in Netflix by 12.4% in the 4th quarter. Gemmer Asset Management LLC now owns 271 shares of the Internet television network’s stock valued at $73,000 after purchasing an additional 30 shares during the last quarter. Adirondack Trust Co. raised its position in Netflix by 9.5% in the 4th quarter. Adirondack Trust Co. now owns 635 shares of the Internet television network’s stock valued at $170,000 after purchasing an additional 55 shares during the last quarter. Contravisory Investment Management Inc. raised its position in Netflix by 85.1% in the 4th quarter. Contravisory Investment Management Inc. now owns 137 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 63 shares during the last quarter. Bristlecone Advisors LLC raised its position in Netflix by 4.2% in the 4th quarter. Bristlecone Advisors LLC now owns 1,748 shares of the Internet television network’s stock valued at $468,000 after purchasing an additional 70 shares during the last quarter. Finally, Great Lakes Advisors LLC raised its position in Netflix by 0.3% in the 3rd quarter. Great Lakes Advisors LLC now owns 24,044 shares of the Internet television network’s stock valued at $8,996,000 after purchasing an additional 75 shares during the last quarter. 73.98% of the stock is currently owned by institutional investors.

In related news, Director Richard N. Barton sold 387 shares of Netflix stock in a transaction on Wednesday, October 31st. The stock was sold at an average price of $297.88, for a total transaction of $115,279.56. Following the completion of the sale, the director now directly owns 7,430 shares of the company’s stock, valued at $2,213,248.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 2,569 shares of Netflix stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $350.00, for a total value of $899,150.00. Following the sale, the director now directly owns 539 shares of the company’s stock, valued at $188,650. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 161,783 shares of company stock valued at $42,364,285. 4.29% of the stock is owned by insiders.

Shares of Netflix stock traded down $3.17 during trading on Wednesday, reaching $321.99. 13,099,160 shares of the company were exchanged, compared to its average volume of 13,495,832. The company has a quick ratio of 1.39, a current ratio of 1.49 and a debt-to-equity ratio of 1.98. Netflix, Inc. has a twelve month low of $231.23 and a twelve month high of $423.21. The stock has a market cap of $147.88 billion, a PE ratio of 120.15, a price-to-earnings-growth ratio of 2.80 and a beta of 1.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The business had revenue of $4.19 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same period in the previous year, the firm earned $0.41 earnings per share. The firm’s quarterly revenue was up 27.4% compared to the same quarter last year. Analysts expect that Netflix, Inc. will post 4.04 EPS for the current fiscal year.

Several equities analysts have issued reports on NFLX shares. Citigroup cut their price objective on Netflix and set a “neutral” rating for the company in a research report on Monday, October 15th. Loop Capital lifted their price objective on Netflix from $365.00 to $385.00 in a research report on Wednesday, October 17th. Nomura set a $370.00 price objective on Netflix and gave the company a “neutral” rating in a research report on Monday, October 29th. Credit Suisse Group reiterated a “buy” rating and issued a $470.00 price objective on shares of Netflix in a research report on Monday, October 1st. Finally, Morningstar set a $120.00 price objective on Netflix and gave the company a “sell” rating in a research report on Monday, October 29th. Six investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. Netflix presently has an average rating of “Buy” and a consensus price target of $375.25.

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Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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