Jennison Associates LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,990,874 shares of the Internet television network's stock after acquiring an additional 316,594 shares during the period. Netflix accounts for approximately 3.1% of Jennison Associates LLC's holdings, making the stock its 8th largest position. Jennison Associates LLC owned about 1.64% of Netflix worth $4,958,417,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. boosted its holdings in shares of Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network's stock worth $24,338,000 after buying an additional 9,451 shares during the period. Natixis Advisors LLC boosted its holdings in shares of Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network's stock worth $434,398,000 after buying an additional 11,921 shares during the period. Venturi Wealth Management LLC boosted its holdings in shares of Netflix by 27.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 3,077 shares of the Internet television network's stock worth $2,182,000 after buying an additional 664 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Netflix by 58.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network's stock worth $55,968,000 after buying an additional 30,511 shares during the period. Finally, Forsta AP Fonden boosted its holdings in shares of Netflix by 7.7% during the 3rd quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network's stock worth $86,105,000 after buying an additional 8,700 shares during the period. 80.93% of the stock is owned by institutional investors.
In other Netflix news, Director Timothy M. Haley sold 647 shares of the company's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of the company's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the sale, the chairman now owns 85 shares of the company's stock, valued at $57,878.20. The trade was a 99.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 185,277 shares of company stock worth $132,875,601 over the last 90 days. Insiders own 1.76% of the company's stock.
NFLX opened at $871.32 on Wednesday. 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 stock has a market capitalization of $372.45 billion, a P/E ratio of 49.31, a price-to-earnings-growth ratio of 1.59 and a beta of 1.25. The company's 50 day simple moving average is $743.15 and its 200-day simple moving average is $685.41. Netflix, Inc. has a one year low of $445.73 and a one year high of $874.49.
Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating 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 return on equity of 35.86% and a net margin of 20.70%. Sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.
Several analysts recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of Netflix from $700.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Benchmark reaffirmed a "sell" rating and set a $545.00 price objective on shares of Netflix in a report on Tuesday, October 15th. Wells Fargo & Company upped their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Guggenheim upped their target price on shares of Netflix from $810.00 to $825.00 and gave the company a "buy" rating in a research note on Tuesday, October 29th. Finally, Deutsche Bank Aktiengesellschaft upped their target price 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. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $753.45.
Read 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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