Netflix, Inc. (NASDAQ:NFLX) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas raised its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 39.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 209,422 shares of the Internet television network’s stock after buying an additional 59,559 shares during the quarter. Netflix comprises about 0.7% of Teacher Retirement System of Texas’ investment portfolio, making the stock its 17th biggest position. Teacher Retirement System of Texas’ holdings in Netflix were worth $186,662,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of NFLX. Royal London Asset Management Ltd. increased its position in Netflix by 0.8% during the 4th quarter. Royal London Asset Management Ltd. now owns 279,862 shares of the Internet television network’s stock worth $249,447,000 after purchasing an additional 2,267 shares in the last quarter. Next Capital Management LLC increased its stake in shares of Netflix by 18.8% during the 4th quarter. Next Capital Management LLC now owns 1,473 shares of the Internet television network’s stock valued at $1,313,000 after acquiring an additional 233 shares during the last quarter. First Financial Bankshares Inc lifted its holdings in shares of Netflix by 3.0% during the 4th quarter. First Financial Bankshares Inc now owns 552 shares of the Internet television network’s stock worth $492,000 after acquiring an additional 16 shares during the period. Generali Investments Management Co LLC purchased a new stake in Netflix in the fourth quarter valued at approximately $12,007,000. Finally, GCQ FUNDS MANAGEMENT PTY Ltd acquired a new position in Netflix during the fourth quarter worth approximately $16,101,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on NFLX. Needham & Company LLC lifted their target price on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a research note on Thursday, January 23rd. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Argus upped their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

Insider Activity

In related news, Chairman Reed Hastings sold 30,485 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $981.92, for a total value of $29,933,831.20. Following the completion of the transaction, the chairman now owns 394 shares of the company’s stock, valued at approximately $386,876.48. This trade represents a 98.72 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 288,103 shares of company stock worth $279,142,041. Insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of Netflix stock opened at $959.49 on Thursday. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $410.43 billion, a PE ratio of 48.39, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company’s 50-day moving average price is $955.11 and its two-hundred day moving average price is $854.07.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during 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 business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.11 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.