Teacher Retirement System of Texas Raises Stake in Netflix, Inc. (NFLX)

Teacher Retirement System of Texas raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 95.8% in the 4th quarter, HoldingsChannel reports. The fund owned 155,316 shares of the Internet television network’s stock after buying an additional 75,985 shares during the period. Teacher Retirement System of Texas’ holdings in Netflix were worth $29,814,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NFLX. SG Americas Securities LLC grew its stake in shares of Netflix by 103.9% in the fourth quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock valued at $4,881,000 after buying an additional 675,267 shares in the last quarter. Truepoint Inc. grew its stake in shares of Netflix by 18,035.0% in the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock valued at $402,000 after buying an additional 400,197 shares in the last quarter. AGF Investments Inc. bought a new position in shares of Netflix in the third quarter valued at $60,036,000. American Century Companies Inc. grew its stake in shares of Netflix by 26.9% in the third quarter. American Century Companies Inc. now owns 1,427,160 shares of the Internet television network’s stock valued at $258,815,000 after buying an additional 302,857 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in shares of Netflix in the fourth quarter valued at $45,695,000. 82.71% of the stock is owned by institutional investors and hedge funds.

Several research firms recently weighed in on NFLX. B. Riley reissued a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. SunTrust Banks set a $175.00 target price on shares of Netflix and gave the company a “hold” rating in a research note on Monday, October 16th. Citigroup reissued a “hold” rating and issued a $250.00 target price on shares of Netflix in a research note on Tuesday, January 23rd. Atlantic Securities set a $235.00 target price on shares of Netflix and gave the company a “buy” rating in a research note on Tuesday, October 17th. Finally, Jefferies Group set a $190.00 target price on shares of Netflix and gave the company a “neutral” rating in a research note on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $237.51.

In related news, CEO Reed Hastings sold 91,861 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $189.03, for a total value of $17,364,484.83. Following the completion of the transaction, the chief executive officer now owns 91,861 shares of the company’s stock, valued at $17,364,484.83. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $254.87, for a total value of $178,409.00. Following the completion of the transaction, the director now directly owns 7,393 shares of the company’s stock, valued at approximately $1,884,253.91. The disclosure for this sale can be found here. Insiders have sold 297,138 shares of company stock valued at $62,304,023 in the last three months. Insiders own 4.90% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $250.10 on Friday. Netflix, Inc. has a twelve month low of $138.26 and a twelve month high of $286.81. 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 $108,230.00, a price-to-earnings ratio of 200.08, a PEG ratio of 3.69 and a beta of 1.04.

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 the Zacks’ consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same quarter last year, the firm earned $0.15 earnings per share. The company’s revenue was up 32.6% on a year-over-year basis. research analysts forecast that Netflix, Inc. will post 2.69 EPS for the current fiscal year.

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About Netflix

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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