Genesis Private Wealth LLC acquired a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 343 shares of the Internet television network's stock, valued at approximately $306,000.

Several other hedge funds have also recently made changes to their positions in the company. State Street Corp lifted its holdings 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 valued at $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock worth $6,464,736,000 after buying an additional 123,029 shares during the period. Jennison Associates LLC boosted its holdings in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after buying an additional 316,594 shares during the period. International Assets Investment Management LLC grew its stake in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock valued at $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock worth $3,473,571,000 after acquiring an additional 23,702 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Anne M. Sweeney sold 589 shares of the business's stock in a transaction on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders sold 152,198 shares of company stock valued at $127,616,898 over the last quarter. 1.76% of the stock is owned by company insiders.

NFLX has been the subject of several recent research reports. Needham & Company LLC lifted their price target on Netflix from $700.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Argus lifted their target price on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a report on Monday, January 6th. Jefferies Financial Group raised their price objective on shares of Netflix from $780.00 to $800.00 and gave the company a "buy" rating in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their target price on shares of Netflix from $1,010.00 to $1,000.00 and set an "overweight" rating on the stock in a report on Friday, January 10th. Finally, Macquarie raised their price target on shares of Netflix from $795.00 to $965.00 and gave the company an "outperform" rating in a report on Monday, January 13th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $845.06.

Check Out Our Latest Stock Analysis on NFLX

NFLX stock opened at $869.68 on Wednesday. The stock has a market capitalization of $371.75 billion, a price-to-earnings ratio of 49.22, a PEG ratio of 1.40 and a beta of 1.27. The firm's 50-day moving average price is $885.64 and its two-hundred day moving average price is $760.81. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $479.90 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10,141,900 billion. During the same quarter in the prior year, the company posted $2.11 EPS. Netflix's quarterly revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts predict that Netflix, Inc. will post 19.76 earnings per share for the current year.

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.

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