Netflix, Inc. (NASDAQ:NFLX) Shares Acquired by Northern Trust Corp

Northern Trust Corp increased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,574,006 shares of the Internet television network's stock after purchasing an additional 570,674 shares during the period. Netflix makes up 0.6% of Northern Trust Corp's holdings, making the stock its 22nd biggest position. Northern Trust Corp owned approximately 1.07% of Netflix worth $4,076,903,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC lifted its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the period. Transce3nd LLC acquired a new position in shares of Netflix in the fourth quarter worth about $32,000. Newton One Investments LLC purchased a new stake in shares of Netflix during the 4th quarter worth about $34,000. Pineridge Advisors LLC grew its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC increased its stake in shares of Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after purchasing an additional 16 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NFLX. Evercore ISI raised their price objective on Netflix from $1,100.00 to $1,150.00 and gave the company an "outperform" rating in a report on Monday, April 21st. Robert W. Baird lifted their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Rosenblatt Securities lifted their price objective on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group lifted their price target on 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-seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,072.12.

Insider Activity at Netflix

In other Netflix news, Director Ann Mather sold 2,682 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction on Tuesday, February 4th. 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 120,666 shares of company stock worth $117,402,223 over the last 90 days. Company insiders own 1.76% of the company's stock.

Netflix Trading Up 0.2 %

NASDAQ:NFLX traded up $1.75 on Thursday, reaching $1,133.47. 3,491,390 shares of the company's stock were exchanged, compared to its average volume of 3,716,565. 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 has a market capitalization of $482.37 billion, a price-to-earnings ratio of 57.16, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 52-week low of $544.25 and a 52-week high of $1,142.19. The business has a fifty day moving average of $961.86 and a 200-day moving average of $911.84.

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, topping analysts' consensus estimates of $5.74 by $0.87. The company 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 last year, the firm earned $8.28 EPS. As a group, analysts expect that Netflix, Inc. will post 24.58 earnings per share 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.