Assenagon Asset Management S.A. cut its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 707,694 shares of the Internet television network's stock after selling 350,737 shares during the period. Netflix comprises 1.0% of Assenagon Asset Management S.A.'s portfolio, making the stock its 13th biggest position. Assenagon Asset Management S.A. owned 0.17% of Netflix worth $630,782,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC raised its position in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. State Street Corp increased its stake in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after purchasing an additional 426,740 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after buying an additional 316,594 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Netflix during the third quarter valued at $222,871,000. Finally, AustralianSuper Pty Ltd increased its position in shares of Netflix by 12,243.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 290,071 shares of the Internet television network's stock valued at $205,739,000 after acquiring an additional 287,721 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.
In other Netflix news, Director Richard N. Barton sold 6,364 shares of the stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company's stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 267 shares of the business's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company's stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock valued at $131,030,268 over the last quarter. Company insiders own 1.76% of the company's stock.
Netflix stock opened at $828.40 on Wednesday. The stock has a market capitalization of $354.11 billion, a P/E ratio of 46.88, a P/E/G ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm's 50-day moving average is $881.04 and its two-hundred day moving average is $755.96.
Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Equities analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current year.
Several research analysts have recently issued reports on NFLX shares. Bank of America raised their price objective on Netflix from $800.00 to $1,000.00 and gave the stock a "buy" rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $590.00 to $650.00 and gave the company a "hold" rating in a research note on Wednesday, October 9th. Argus raised their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Oppenheimer upped their price target on shares of Netflix from $825.00 to $1,065.00 and gave the company an "outperform" rating in a report on Monday, December 16th. Finally, Benchmark lifted their price objective on Netflix from $555.00 to $720.00 and gave the company a "sell" rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $846.58.
View Our Latest Stock Analysis on NFLX
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.
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