Twin Capital Management Inc. Boosts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Twin Capital Management Inc. grew its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,832 shares of the Internet television network’s stock after buying an additional 264 shares during the period. Netflix accounts for about 0.8% of Twin Capital Management Inc.’s holdings, making the stock its 21st largest holding. Twin Capital Management Inc.’s holdings in Netflix were worth $6,981,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. Norges Bank purchased a new position in shares of Netflix in the 4th quarter valued at $5,019,087,000. Proficio Capital Partners LLC grew its holdings in shares of Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Netflix by 59.3% in the 4th 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 purchasing an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Netflix by 318.9% during the 4th 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, Strategic Financial Concepts LLC increased its position in Netflix by 112,896.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock worth $340,420,000 after buying an additional 381,590 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Argus lifted their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. BMO Capital Markets reiterated an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Pivotal Research boosted their price target on Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Finally, The Goldman Sachs Group increased their price objective on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,023.74.

Netflix Trading Down 6.7 %

Netflix stock opened at $855.86 on Monday. The stock has a 50-day moving average price of $970.24 and a 200 day moving average price of $877.11. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The stock has a market cap of $366.10 billion, a PE ratio of 43.16, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate 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 period in the previous year, the firm posted $2.11 earnings per share. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 280,676 shares of company stock worth $273,515,672. 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.