Teza Capital Management LLC Purchases 1,823 Shares of Netflix, Inc. (NASDAQ:NFLX)

Teza Capital Management LLC raised its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 180.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,833 shares of the Internet television network's stock after buying an additional 1,823 shares during the period. Teza Capital Management LLC's holdings in Netflix were worth $2,525,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Norges Bank bought a new position in shares of Netflix in the 4th quarter worth $5,019,087,000. Proficio Capital Partners LLC lifted its holdings in Netflix by 123,836.7% during the fourth 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 in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Netflix by 14.3% during the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after acquiring an additional 570,674 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on NFLX shares. Deutsche Bank Aktiengesellschaft boosted their price target on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a report on Wednesday, January 22nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,200.00 target price (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Pivotal Research lifted their target price on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Robert W. Baird lifted their target price on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday. Finally, FBN Securities began coverage on Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $1,093.39.

Insiders Place Their Bets

In other Netflix news, Director Bradford L. Smith sold 3,919 shares of the company'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 completion of the sale, the director now directly owns 7,969 shares in the company, valued at $8,959,227.94. This represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold 132,868 shares of company stock worth $138,483,256 over the last three months. Insiders own 1.76% of the company's stock.

Netflix Price Performance

Netflix stock opened at $1,191.53 on Friday. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,196.50. The stock's 50 day moving average is $1,009.34 and its 200-day moving average is $946.93. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $507.08 billion, a price-to-earnings ratio of 60.09, a PEG ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results 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 analysts' expectations 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 company posted $8.28 earnings per share. Equities research analysts expect 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.

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