Westend Capital Management LLC Has $12.06 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Westend Capital Management LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,529 shares of the Internet television network’s stock after selling 35 shares during the quarter. Netflix accounts for 3.6% of Westend Capital Management LLC’s holdings, making the stock its 12th biggest holding. Westend Capital Management LLC’s holdings in Netflix were worth $12,059,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of NFLX. International Assets Investment Management LLC grew its stake in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Netflix by 154.7% during the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after purchasing an additional 642,920 shares in the last quarter. State Street Corp lifted its stake in Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new position in shares of Netflix in the 3rd quarter valued at $222,871,000. Institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the firm’s stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at approximately $185,976. This represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 152,198 shares of company stock worth $127,616,898. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on NFLX. Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Benchmark lifted their price objective on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Pivotal Research lifted their target price on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Wedbush reiterated an “outperform” rating and set a $950.00 price objective (up previously from $800.00) on shares of Netflix in a report on Monday, November 18th. Finally, UBS Group increased their price target on Netflix from $825.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $845.06.

Netflix Stock Up 1.9 %

Shares of NASDAQ:NFLX opened at $858.10 on Friday. Netflix, Inc. has a 12-month low of $476.06 and a 12-month high of $941.75. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock’s 50-day moving average price is $883.32 and its 200-day moving average price is $757.20. The stock has a market capitalization of $366.80 billion, a P/E ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. On average, equities analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current 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.