Polar Asset Management Partners Inc. Grows Stake in Netflix, Inc. (NASDAQ:NFLX)

Polar Asset Management Partners Inc. grew its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 270.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 26,300 shares of the Internet television network's stock after purchasing an additional 19,200 shares during the period. Polar Asset Management Partners Inc.'s holdings in Netflix were worth $23,442,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in shares of Netflix during the fourth quarter valued at about $5,019,087,000. Proficio Capital Partners LLC raised its holdings in shares of Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after acquiring an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Netflix by 318.9% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after purchasing an additional 743,724 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Netflix by 14.3% during the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after purchasing an additional 570,674 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX traded down $3.02 on Wednesday, reaching $1,208.55. 1,835,778 shares of the company's stock were exchanged, compared to its average volume of 3,746,387. The firm has a market cap of $514.32 billion, a price-to-earnings ratio of 60.95, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a fifty day simple moving average of $1,045.95 and a 200-day simple moving average of $967.38. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,215.39.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same period in the prior year, the company posted $8.28 EPS. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Bradford L. Smith sold 3,919 shares of the business's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the sale, the director now directly owns 7,969 shares in the company, valued at approximately $8,959,227.94. The trade was a 32.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 1,358 shares of the stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total value of $1,561,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 132,708 shares of company stock worth $138,323,256 over the last 90 days. Corporate insiders own 1.37% of the company's stock.

Analyst Ratings Changes

NFLX has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. KeyCorp upped their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Barclays raised their price objective on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Canaccord Genuity Group lifted their price objective on shares of Netflix from $1,200.00 to $1,380.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,102.79.

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.