Massachusetts Financial Services Co. MA Purchases 743,724 Shares of Netflix, Inc. (NASDAQ:NFLX)

Massachusetts Financial Services Co. MA grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 318.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 976,924 shares of the Internet television network’s stock after purchasing an additional 743,724 shares during the quarter. Massachusetts Financial Services Co. MA owned about 0.23% of Netflix worth $870,752,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. West Michigan Advisors LLC grew its holdings in Netflix by 1.3% in the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after buying an additional 10 shares during the last quarter. Warwick Investment Management Inc. grew its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after acquiring an additional 10 shares during the last quarter. MRP Capital Investments LLC grew its stake in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC increased its position in Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock worth $412,000 after acquiring an additional 10 shares during the period. Finally, Enzi Wealth raised its stake in Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after purchasing an additional 11 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on NFLX. Oppenheimer boosted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a 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 target on the stock in a research note on Thursday, January 23rd. Citigroup raised their price objective on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Robert W. Baird boosted their price objective on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Argus raised their target price on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $1,021.02.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Reed Hastings sold 30,485 shares of the company’s stock in a transaction dated 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 sale, the chairman now directly owns 394 shares of the company’s stock, valued at approximately $386,876.48. This trade represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by insiders.

Netflix Trading Down 0.4 %

Shares of NFLX opened at $928.38 on Wednesday. The stock’s fifty day simple moving average is $974.40 and its 200-day simple moving average is $872.78. The firm has a market capitalization of $397.12 billion, a PE ratio of 46.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating 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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the prior year, the company posted $2.11 EPS. The company’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.