Marshall Wace North America L.P. Boosts Stake in Netflix, Inc. (NFLX)

Marshall Wace North America L.P. lifted its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 74.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 63,891 shares of the Internet television network’s stock after acquiring an additional 27,352 shares during the quarter. Marshall Wace North America L.P.’s holdings in Netflix were worth $23,904,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. HPM Partners LLC boosted its stake in Netflix by 30.2% in the 2nd quarter. HPM Partners LLC now owns 3,896 shares of the Internet television network’s stock worth $1,525,000 after purchasing an additional 904 shares during the period. Morgan Stanley boosted its position in shares of Netflix by 1.6% during the 2nd quarter. Morgan Stanley now owns 2,364,657 shares of the Internet television network’s stock valued at $925,600,000 after acquiring an additional 37,425 shares during the last quarter. Private Capital Group LLC boosted its position in shares of Netflix by 33.1% during the 2nd quarter. Private Capital Group LLC now owns 744 shares of the Internet television network’s stock valued at $291,000 after acquiring an additional 185 shares during the last quarter. Viridian Ria LLC boosted its position in shares of Netflix by 12.6% during the 3rd quarter. Viridian Ria LLC now owns 4,097 shares of the Internet television network’s stock valued at $1,532,000 after acquiring an additional 459 shares during the last quarter. Finally, Mackay Shields LLC boosted its position in shares of Netflix by 3.0% during the 2nd quarter. Mackay Shields LLC now owns 169,338 shares of the Internet television network’s stock valued at $66,284,000 after acquiring an additional 4,917 shares during the last quarter. Institutional investors own 74.07% of the company’s stock.

Shares of NASDAQ NFLX opened at $265.14 on Friday. The stock has a market cap of $123.36 billion, a P/E ratio of 212.11, a PEG ratio of 3.59 and a beta of 1.12. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.39 and a current ratio of 1.39. Netflix, Inc. has a 1-year low of $184.82 and a 1-year high of $423.21.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, October 16th. The Internet television network reported $0.89 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.21. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.99 billion. Netflix had a return on equity of 29.52% and a net margin of 8.48%. The business’s quarterly revenue was up 34.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 EPS. As a group, equities analysts expect that Netflix, Inc. will post 2.63 earnings per share for the current year.

NFLX has been the subject of a number of research analyst reports. MKM Partners lifted their price target on Netflix from $395.00 to $415.00 and gave the company a “buy” rating in a research report on Friday, November 16th. Royal Bank of Canada lifted their price target on Netflix to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, October 17th. Atlantic Securities reiterated a “buy” rating and set a $413.00 price target on shares of Netflix in a research report on Monday, September 3rd. JPMorgan Chase & Co. lifted their price target on Netflix to $450.00 and gave the company an “overweight” rating in a research report on Wednesday, October 17th. Finally, Robert W. Baird set a $370.00 price target on Netflix and gave the company a “neutral” rating in a research report on Tuesday, September 4th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $380.97.

In other Netflix news, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $352.27, for a total value of $352,270.00. Following the transaction, the chief financial officer now directly owns 576 shares of the company’s stock, valued at approximately $202,907.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Reed Hastings sold 99,883 shares of Netflix stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $368.25, for a total value of $36,781,914.75. Following the completion of the transaction, the chief executive officer now directly owns 99,883 shares in the company, valued at $36,781,914.75. The disclosure for this sale can be found here. Insiders sold a total of 332,450 shares of company stock worth $108,250,865 over the last ninety days. Insiders own 4.29% of the company’s stock.

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About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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