Axiom Investors LLC DE Buys 166,933 Shares of Netflix, Inc. (NASDAQ:NFLX)

Axiom Investors LLC DE grew its stake in Netflix, Inc. (NASDAQ:NFLX) by 22.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 894,909 shares of the Internet television network’s stock after buying an additional 166,933 shares during the period. Netflix accounts for about 5.9% of Axiom Investors LLC DE’s holdings, making the stock its 5th biggest holding. Axiom Investors LLC DE’s holdings in Netflix were worth $797,650,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Principal Financial Group Inc. boosted its stake in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after purchasing an additional 198,148 shares during the last quarter. Tradition Wealth Management LLC boosted its position in Netflix by 11.1% during the third quarter. Tradition Wealth Management LLC now owns 859 shares of the Internet television network’s stock valued at $609,000 after acquiring an additional 86 shares during the last quarter. Cobblestone Capital Advisors LLC NY grew its holdings in Netflix by 5.6% during the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 681 shares of the Internet television network’s stock worth $483,000 after acquiring an additional 36 shares during the period. Erste Asset Management GmbH bought a new position in shares of Netflix in the 3rd quarter worth about $145,252,000. Finally, Mark Sheptoff Financial Planning LLC lifted its stake in shares of Netflix by 776.3% in the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 333 shares of the Internet television network’s stock valued at $236,000 after purchasing an additional 295 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock worth $279,611,567 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Down 4.4 %

NFLX stock opened at $933.85 on Monday. The company has a market capitalization of $399.46 billion, a price-to-earnings ratio of 47.09, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day moving average of $971.74 and a 200-day moving average of $869.42.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NFLX. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research note on Thursday, January 23rd. Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and increased their target price for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Finally, Arete Research upgraded Netflix to a “hold” rating in a research note on Thursday, January 23rd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.02.

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.