Fisher Funds Management LTD Buys New Holdings in Netflix, Inc. (NASDAQ:NFLX)

Fisher Funds Management LTD purchased a new position in shares of Netflix, Inc. (NASDAQ:NFLX) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 95,923 shares of the Internet television network’s stock, valued at approximately $85,660,000. Netflix accounts for approximately 2.1% of Fisher Funds Management LTD’s investment portfolio, making the stock its 16th largest position.

A number of other institutional investors have also recently bought and sold shares of NFLX. Pinnacle Financial Partners Inc increased its holdings in shares of Netflix by 17.8% during the 4th quarter. Pinnacle Financial Partners Inc now owns 7,427 shares of the Internet television network’s stock worth $6,620,000 after acquiring an additional 1,123 shares during the last quarter. Sigma Planning Corp lifted its holdings in Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after purchasing an additional 386 shares during the last quarter. Callan Capital LLC boosted its position in Netflix by 7.2% during the fourth quarter. Callan Capital LLC now owns 3,336 shares of the Internet television network’s stock worth $2,973,000 after purchasing an additional 224 shares during the period. Oxbow Advisors LLC increased its holdings in shares of Netflix by 2.4% in the fourth quarter. Oxbow Advisors LLC now owns 679 shares of the Internet television network’s stock valued at $605,000 after purchasing an additional 16 shares during the last quarter. Finally, Carl P. Sherr & Co. LLC bought a new position in shares of Netflix in the fourth quarter valued at about $688,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on NFLX. Robert W. Baird lifted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Citigroup increased their target price on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Bank of America lifted their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Finally, Needham & Company LLC upped their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Price Performance

NFLX stock opened at $1,003.15 on Friday. The stock has a market cap of $429.10 billion, a price-to-earnings ratio of 50.59, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a 50 day simple moving average of $940.55 and a 200 day simple moving average of $819.90. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

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

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of the business’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,338,500. This represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 303,220 shares of company stock valued at $289,856,164 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

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.