Netflix, Inc. (NASDAQ:NFLX) Position Increased by Worldquant Millennium Advisors LLC

Worldquant Millennium Advisors LLC raised its stake in Netflix, Inc. (NASDAQ:NFLX) by 4,202.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 151,635 shares of the Internet television network’s stock after acquiring an additional 148,111 shares during the period. Worldquant Millennium Advisors LLC’s holdings in Netflix were worth $107,550,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp raised its position in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the period. Jennison Associates LLC raised its holdings in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after buying an additional 316,594 shares during the period. International Assets Investment Management LLC lifted its stake in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in shares of Netflix by 2.3% in the second quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after buying an additional 106,756 shares during the period. Finally, Fisher Asset Management LLC increased its position in shares of Netflix by 2.8% in the third quarter. Fisher Asset Management LLC now owns 4,481,939 shares of the Internet television network’s stock worth $3,178,905,000 after acquiring an additional 123,987 shares in 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 have recently issued reports on NFLX shares. Canaccord Genuity Group boosted their price target on shares of Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a report on Monday. Sanford C. Bernstein boosted their target price on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Pivotal Research raised their target price on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Guggenheim lifted their price target on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Finally, Evercore ISI increased their price objective on Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $783.00.

Netflix Stock Performance

Shares of NFLX opened at $917.87 on Friday. The company has a market capitalization of $392.35 billion, a PE ratio of 51.95, a price-to-earnings-growth ratio of 1.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a one year low of $445.73 and a one year high of $927.00. The company’s fifty day moving average price is $788.37 and its 200 day moving average price is $707.66.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. As a group, analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 43,750 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total value of $30,059,312.50. Following the completion of the sale, the director now owns 95,040 shares in the company, valued at approximately $65,299,132.80. This trade represents a 31.52 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 45,290 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $706.16, for a total value of $31,981,986.40. Following the sale, the chairman now owns 85 shares in the company, valued at approximately $60,023.60. This represents a 99.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 209,155 shares of company stock valued at $159,682,799 in the last three months. Company insiders own 1.76% of the company’s stock.

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.