Netflix, Inc. (NASDAQ:NFLX) Holdings Lifted by Jericho Capital Asset Management L.P.

Jericho Capital Asset Management L.P. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 30.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 819,000 shares of the Internet television network's stock after buying an additional 190,000 shares during the period. Netflix makes up 10.4% of Jericho Capital Asset Management L.P.'s investment portfolio, making the stock its 2nd largest holding. Jericho Capital Asset Management L.P. owned about 0.19% of Netflix worth $729,991,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new stake in Netflix during the 4th quarter worth approximately $5,019,087,000. Proficio Capital Partners LLC grew 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 buying an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership grew 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 buying an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Netflix by 318.9% in 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 buying an additional 743,724 shares during the last quarter. Finally, Northern Trust Corp lifted 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 acquiring an additional 570,674 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

NFLX traded up $23.02 on Friday, reaching $1,156.49. The company had a trading volume of 3,765,148 shares, compared to its average volume of 3,717,749. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a 52-week low of $555.59 and a 52-week high of $1,159.03. The company has a market cap of $492.17 billion, a price-to-earnings ratio of 58.32, a P/E/G ratio of 2.12 and a beta of 1.55. The business has a 50 day simple moving average of $964.76 and a 200 day simple moving average of $914.74.

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, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter last year, the company posted $8.28 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the company's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total value of $421,723.12. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $31,440,254.30. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 153,181 shares of company stock worth $153,232,778. 1.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NFLX. StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Moffett Nathanson reissued a "buy" rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Rosenblatt Securities lifted their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $1,072.12.

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.