UBS Asset Management Americas Inc. Raises Stake in Netflix, Inc. (NFLX)

UBS Asset Management Americas Inc. lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,333,965 shares of the Internet television network’s stock after purchasing an additional 216,539 shares during the quarter. UBS Asset Management Americas Inc. owned about 0.31% of Netflix worth $256,068,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Duncker Streett & Co. Inc. increased its holdings in shares of Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after purchasing an additional 200 shares during the last quarter. Murphy Capital Management Inc. increased its holdings in shares of Netflix by 5.4% in the fourth quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock worth $828,000 after purchasing an additional 220 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Netflix by 0.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 31,480 shares of the Internet television network’s stock worth $6,043,000 after purchasing an additional 235 shares during the last quarter. Covenant Asset Management LLC increased its holdings in shares of Netflix by 1.6% in the fourth quarter. Covenant Asset Management LLC now owns 15,373 shares of the Internet television network’s stock worth $2,951,000 after purchasing an additional 238 shares during the last quarter. Finally, BB&T Corp increased its holdings in shares of Netflix by 6.9% in the fourth quarter. BB&T Corp now owns 4,122 shares of the Internet television network’s stock worth $792,000 after purchasing an additional 265 shares during the last quarter. 82.38% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at $278.52 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81. The firm has a market capitalization of $120,110.00, a price-to-earnings ratio of 222.82, a price-to-earnings-growth ratio of 3.85 and a beta of 1.04. Netflix, Inc. has a twelve month low of $138.26 and a twelve month high of $286.81.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. Netflix’s revenue was up 32.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 earnings per share. equities analysts forecast that Netflix, Inc. will post 2.73 EPS for the current year.

Several brokerages have recently issued reports on NFLX. SunTrust Banks set a $270.00 target price on Netflix and gave the stock a “hold” rating in a report on Wednesday. Vetr cut Netflix from a “buy” rating to a “hold” rating and set a $265.73 target price on the stock. in a report on Tuesday. BidaskClub raised Netflix from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. MKM Partners lifted their target price on Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a report on Monday, January 29th. Finally, UBS Group set a $290.00 price objective on Netflix and gave the stock a “buy” rating in a research note on Thursday, January 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $239.39.

In other Netflix news, insider Jonathan Friedland sold 2,743 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $205.59, for a total transaction of $563,933.37. Following the completion of the sale, the insider now owns 1,147 shares in the company, valued at $235,811.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director A George Battle sold 10,716 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total value of $2,769,978.84. Following the sale, the director now owns 2,575 shares of the company’s stock, valued at approximately $665,611.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 469,901 shares of company stock valued at $107,797,603. 4.90% of the stock is owned by company insiders.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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