Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lifted by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 270.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 26,300 shares of the Internet television network's stock after acquiring an additional 19,200 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Netflix were worth $23,442,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NFLX. Vanguard Group Inc. boosted its stake in Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after acquiring an additional 171,712 shares during the last quarter. FMR LLC raised its stake in shares of Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Netflix by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock valued at $8,287,823,000 after purchasing an additional 175,596 shares in the last quarter. Norges Bank bought a new position in shares of Netflix during the fourth quarter worth about $5,019,087,000. Finally, Alliancebernstein L.P. grew its stake in Netflix by 1.6% in the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after purchasing an additional 82,564 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on NFLX shares. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a report on Monday, May 19th. Benchmark reiterated a "hold" rating on shares of Netflix in a report on Monday, April 21st. Needham & Company LLC reissued a "buy" rating and set a $1,126.00 price target on shares of Netflix in a research report on Thursday, April 17th. Loop Capital restated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Finally, Macquarie boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,102.79.

Netflix Stock Performance

NFLX stock traded up $26.18 during trading on Tuesday, reaching $1,211.57. 2,916,636 shares of the company's stock were exchanged, compared to its average volume of 3,754,011. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,211.79. The firm has a market cap of $515.61 billion, a PE ratio of 61.10, a P/E/G ratio of 2.12 and a beta of 1.58. The company's fifty day moving average price is $1,040.74 and its 200-day moving average price is $965.67. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the prior year, the company posted $8.28 earnings per share. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Transactions at Netflix

In related news, Director Jay C. Hoag sold 32,515 shares of Netflix stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the transaction, the director now directly owns 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The disclosure for this sale can be found here. In the last three months, insiders sold 132,868 shares of company stock valued at $138,483,256. Company insiders own 1.37% of the company's stock.

About Netflix

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.