New York State Common Retirement Fund Acquires 2,079 Shares of Netflix, Inc. (NASDAQ:NFLX)

New York State Common Retirement Fund raised its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 577,537 shares of the Internet television network's stock after buying an additional 2,079 shares during the period. Netflix accounts for about 0.8% of New York State Common Retirement Fund's portfolio, making the stock its 17th largest holding. New York State Common Retirement Fund owned about 0.14% of Netflix worth $538,571,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fullcircle Wealth LLC grew its position in shares of Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network's stock worth $344,000 after buying an additional 9 shares during the period. MRP Capital Investments LLC grew its position in shares of Netflix by 1.0% in the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after buying an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC grew its position in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares during the period. Mission Creek Capital Partners Inc. grew its position in shares of Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after buying an additional 10 shares during the period. Finally, Continuum Wealth Advisors LLC grew its position in shares of Netflix by 4.4% in the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network's stock worth $219,000 after buying an additional 10 shares during the period. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent research reports. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research report on Tuesday. Seaport Res Ptn downgraded shares of Netflix from a "strong-buy" rating to a "hold" rating in a research report on Sunday, July 6th. KeyCorp upped their target price on shares of Netflix from $1,070.00 to $1,390.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Wedbush reiterated an "outperform" rating and issued a $1,400.00 price target on shares of Netflix in a research note on Monday. Finally, The Goldman Sachs Group upped their price target on shares of Netflix from $1,000.00 to $1,140.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,227.39.

Insider Buying and Selling

In related news, Director Reed Hastings sold 9,673 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $1,329.11, for a total value of $12,856,481.03. Following the completion of the sale, the director directly owned 394 shares of the company's stock, valued at approximately $523,669.34. This represents a 96.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 620 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $1,286.84, for a total transaction of $797,840.80. The disclosure for this sale can be found here. Insiders sold a total of 186,723 shares of company stock worth $223,307,201 in the last ninety days. Corporate insiders own 1.37% of the company's stock.

Netflix Stock Performance

Netflix stock traded down $9.96 during midday trading on Wednesday, hitting $1,250.31. The stock had a trading volume of 3,214,297 shares, compared to its average volume of 3,760,414. The firm's fifty day moving average is $1,226.71 and its two-hundred day moving average is $1,054.65. The company has a market capitalization of $532.09 billion, a PE ratio of 59.09, a P/E/G ratio of 2.28 and a beta of 1.59. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,341.15. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the prior year, the firm posted $8.28 EPS. On average, research analysts forecast 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.