Strive Asset Management LLC Buys Shares of 1,360 Netflix, Inc. (NASDAQ:NFLX)

Strive Asset Management LLC bought a new position in Netflix, Inc. (NASDAQ:NFLX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,360 shares of the Internet television network's stock, valued at approximately $1,212,000. Netflix makes up 0.9% of Strive Asset Management LLC's portfolio, making the stock its 26th biggest holding.

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

Insider Transactions at Netflix

In other news, Director Ann Mather sold 1,358 shares of the business's stock in a transaction that occurred on Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,868 shares of company stock worth $138,483,256. Corporate insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $1,126.00 target price on shares of Netflix in a report on Thursday, April 17th. UBS Group decreased 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 research note on Tuesday, April 15th. Wells Fargo & Company lifted their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Barclays lifted their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $1,102.79.

Netflix Stock Up 0.0%

Shares of NASDAQ NFLX traded up $0.38 during midday trading on Tuesday, hitting $1,192.02. The stock had a trading volume of 2,128,827 shares, compared to its average volume of 3,754,290. The business's 50 day moving average is $1,014.78 and its 200-day moving average is $951.31. The company has a market cap of $507.29 billion, a P/E ratio of 60.11, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,196.50. 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 issued 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 firm had revenue of $10.54 billion for 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 firm posted $8.28 earnings per share. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.