Quantinno Capital Management LP Boosts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Quantinno Capital Management LP boosted its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,455 shares of the Internet television network's stock after buying an additional 7,407 shares during the quarter. Netflix makes up about 0.6% of Quantinno Capital Management LP's holdings, making the stock its 18th biggest holding. Quantinno Capital Management LP's holdings in Netflix were worth $61,015,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Panoramic Capital LLC bought a new position in Netflix in the 4th quarter worth $7,872,000. Mufg Securities Americas Inc. bought a new position in Netflix in the 4th quarter worth $5,625,000. Nan Shan Life Insurance Co. Ltd. raised its holdings in Netflix by 21.1% in the 4th quarter. Nan Shan Life Insurance Co. Ltd. now owns 50,037 shares of the Internet television network's stock worth $44,599,000 after purchasing an additional 8,734 shares in the last quarter. Night Owl Capital Management LLC raised its holdings in Netflix by 3.2% in the 4th quarter. Night Owl Capital Management LLC now owns 34,468 shares of the Internet television network's stock worth $30,722,000 after purchasing an additional 1,072 shares in the last quarter. Finally, NorthRock Partners LLC raised its holdings in Netflix by 169.2% in the 4th quarter. NorthRock Partners LLC now owns 8,713 shares of the Internet television network's stock worth $7,766,000 after purchasing an additional 5,476 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $13.55 during trading on Friday, reaching $1,191.53. 4,681,460 shares of the company traded hands, compared to its average volume of 3,764,905. The firm has a 50 day simple moving average of $1,003.42 and a 200-day simple moving average of $942.62. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $507.08 billion, a PE ratio of 60.09, a P/E/G 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 $1,197.39.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 last year, the firm posted $8.28 EPS. Equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on NFLX shares. Morgan Stanley upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a report on Monday, April 21st. Wells Fargo & Company increased their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $975.00 to $1,200.00 in a research note on Friday, January 24th. Citigroup reiterated a "neutral" rating on shares of Netflix in a research note on Monday, May 5th. Finally, The Goldman Sachs Group increased their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average target price of $1,093.39.

Insider Transactions at Netflix

In related news, insider Cletus R. Willems sold 298 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now owns 31,610 shares of the company's stock, valued at approximately $35,972,180. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 132,868 shares of company stock worth $138,483,256 in the last quarter. Company insiders own 1.76% 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.