California State Teachers Retirement System Has $601.22 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

California State Teachers Retirement System lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 674,530 shares of the Internet television network's stock after selling 22,830 shares during the period. Netflix comprises about 0.7% of California State Teachers Retirement System's investment portfolio, making the stock its 20th largest position. California State Teachers Retirement System owned approximately 0.16% of Netflix worth $601,222,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Pathway Financial Advisers LLC increased its stake in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares during the period. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter worth $32,000. Newton One Investments LLC acquired a new position in shares of Netflix in the 4th quarter valued at about $34,000. Pineridge Advisors LLC increased its stake in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after buying an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC raised its holdings 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 acquiring an additional 16 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

Analysts Set New Price Targets

NFLX has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price target on Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Phillip Securities raised shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. UBS Group dropped their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Evercore ISI increased their target price on shares of Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Finally, BMO Capital Markets restated an "outperform" rating and set a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,072.12.

Netflix Trading Up 0.5 %

Shares of Netflix stock traded up $6.08 on Wednesday, hitting $1,131.72. 4,253,223 shares of the company's stock traded hands, compared to its average volume of 3,717,453. The stock has a market capitalization of $481.63 billion, a PE ratio of 57.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a one year low of $544.25 and a one year high of $1,133.09. The firm's 50-day moving average price is $959.28 and its two-hundred day moving average price is $910.31. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider David A. Hyman sold 41,121 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company's stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,495 shares of company stock valued at $268,176,922 over the last three months. Company insiders own 1.76% of the company's stock.

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.