Fagan Associates Inc. boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 91.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,635 shares of the Internet television network’s stock after buying an additional 780 shares during the quarter. Fagan Associates Inc.’s holdings in Netflix were worth $438,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Netflix by 0.8% in the third quarter. Vanguard Group Inc. now owns 30,143,430 shares of the Internet television network’s stock worth $11,277,562,000 after buying an additional 249,147 shares during the last quarter. Vanguard Group Inc grew its position in shares of Netflix by 0.8% in the third quarter. Vanguard Group Inc now owns 30,143,430 shares of the Internet television network’s stock valued at $11,277,562,000 after purchasing an additional 249,147 shares in the last quarter. FMR LLC grew its position in shares of Netflix by 6.1% in the second quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock valued at $10,377,360,000 after purchasing an additional 1,534,290 shares in the last quarter. Capital World Investors grew its position in shares of Netflix by 4.6% in the third quarter. Capital World Investors now owns 10,188,305 shares of the Internet television network’s stock valued at $3,811,751,000 after purchasing an additional 443,510 shares in the last quarter. Finally, Jennison Associates LLC grew its position in shares of Netflix by 3.9% in the third quarter. Jennison Associates LLC now owns 8,806,550 shares of the Internet television network’s stock valued at $3,294,795,000 after purchasing an additional 328,527 shares in the last quarter. 74.01% of the stock is owned by institutional investors and hedge funds.

In other news, CFO David B. Wells sold 588 shares of the business’s stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $283.79, for a total value of $166,868.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne M. Sweeney sold 2,569 shares of the business’s stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $350.00, for a total value of $899,150.00. Following the completion of the sale, the director now directly owns 539 shares of the company’s stock, valued at approximately $188,650. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 212,303 shares of company stock valued at $59,417,475. Corporate insiders own 4.29% of the company’s stock.

Shares of NFLX stock opened at $347.57 on Monday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49. Netflix, Inc. has a 12-month low of $231.23 and a 12-month high of $423.21. The stock has a market cap of $151.75 billion, a price-to-earnings ratio of 129.69, a PEG ratio of 2.88 and a beta of 1.38.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The firm had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue was up 27.4% compared to the same quarter last year. Equities research analysts anticipate that Netflix, Inc. will post 4.03 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on the company. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $451.00 price target (up from $421.00) on shares of Netflix in a research report on Friday, January 18th. UBS Group reiterated a “buy” rating and issued a $420.00 price target (up from $410.00) on shares of Netflix in a research report on Friday, January 18th. ValuEngine upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Monday, January 7th. Finally, Monness Crespi & Hardt reiterated a “buy” rating and issued a $440.00 price target (up from $430.00) on shares of Netflix in a research report on Friday, January 18th. Six research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $376.33.

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Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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