AQR Capital Management LLC Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

AQR Capital Management LLC raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 262,329 shares of the Internet television network's stock after purchasing an additional 32,682 shares during the quarter. AQR Capital Management LLC owned 0.06% of Netflix worth $233,820,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC lifted its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares in the last quarter. Transce3nd LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $32,000. Newton One Investments LLC acquired a new position in shares of Netflix during the 4th quarter worth about $34,000. Pineridge Advisors LLC boosted its holdings in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its position in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on NFLX. Arete Research upgraded shares of Netflix to a "hold" rating in a research report on Thursday, January 23rd. FBN Securities assumed coverage on Netflix in a report on Thursday, March 27th. They set an "outperform" rating and a $1,165.00 target price on the stock. Guggenheim restated a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Moffett Nathanson reiterated a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Finally, KeyCorp upped their target price on Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,072.12.

Insider Activity

In other Netflix news, Director Ann Mather sold 2,682 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold 153,181 shares of company stock valued at $153,232,778 in the last three months. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

Netflix stock traded up $1.75 during midday trading on Thursday, hitting $1,133.47. 3,491,390 shares of the company's stock were exchanged, compared to its average volume of 3,717,565. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 12-month low of $555.59 and a 12-month high of $1,142.19. The firm's 50 day simple moving average is $961.86 and its 200 day simple moving average is $911.84. The stock has a market cap of $482.37 billion, a price-to-earnings ratio of 57.16, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Profile

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.