Caisse DE Depot ET Placement DU Quebec Grows Stake in Netflix, Inc. (NASDAQ:NFLX)

Caisse DE Depot ET Placement DU Quebec increased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 359,550 shares of the Internet television network's stock after purchasing an additional 30,568 shares during the period. Caisse DE Depot ET Placement DU Quebec owned approximately 0.08% of Netflix worth $320,474,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC lifted its stake in Netflix by 123,836.7% in the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after buying an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of 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 buying an additional 743,724 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of 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 buying an additional 570,674 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NFLX shares. UBS Group reduced their price objective on Netflix from $1,150.00 to $1,140.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Barclays upped their price objective on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" 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 lifted their target price for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, Wells Fargo & Company raised their price target 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. Ten 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 company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,084.91.

Netflix Stock Up 2.0 %

NFLX stock traded up $23.02 during midday trading on Friday, reaching $1,156.49. 3,766,329 shares of the company's stock traded hands, compared to its average volume of 3,720,376. 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 firm's fifty day moving average price is $968.34 and its 200-day moving average price is $917.85. Netflix, Inc. has a 52 week low of $565.16 and a 52 week high of $1,159.44. 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.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping 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 company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the firm posted $8.28 earnings per share. As a group, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Reed Hastings sold 26,977 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the transaction, the director now directly owns 394 shares in the company, valued at approximately $446,421.70. The trade was a 98.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction dated Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director now owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This trade represents a 29.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 182,759 shares of company stock worth $186,744,388 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

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.