Massachusetts Financial Services Co. MA Has $165.40 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Massachusetts Financial Services Co. MA boosted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5,835.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 233,200 shares of the Internet television network’s stock after buying an additional 229,271 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.05% of Netflix worth $165,402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC acquired a new position in Netflix in the third quarter valued at about $205,000. Trustmark National Bank Trust Department raised its position in shares of Netflix by 55.9% in the 3rd quarter. Trustmark National Bank Trust Department now owns 3,025 shares of the Internet television network’s stock valued at $2,146,000 after acquiring an additional 1,085 shares during the period. SSI Investment Management LLC bought a new position in Netflix during the 3rd quarter worth approximately $205,000. Landscape Capital Management L.L.C. bought a new stake in Netflix in the third quarter valued at approximately $2,233,000. Finally, Overbrook Management Corp acquired a new stake in Netflix in the third quarter worth $214,000. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

NASDAQ:NFLX opened at $897.79 on Friday. Netflix, Inc. has a 12-month low of $445.73 and a 12-month high of $908.00. The stock’s 50 day moving average price is $755.40 and its two-hundred day moving average price is $690.93. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $383.77 billion, a price-to-earnings ratio of 50.81, a P/E/G ratio of 1.73 and a beta of 1.25.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NFLX shares. Guggenheim boosted their price target on shares of Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a report on Tuesday, October 29th. Benchmark restated a “sell” rating and issued a $545.00 price target on shares of Netflix in a report on Tuesday, October 15th. Pivotal Research raised their price target on Netflix from $925.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday. China Renaissance began coverage on Netflix in a research report on Thursday, September 5th. They issued a “hold” rating and a $680.00 price objective for the company. Finally, Loop Capital raised their target price on shares of Netflix from $750.00 to $800.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $764.82.

Insider Transactions at Netflix

In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Insiders sold a total of 185,866 shares of company stock worth $133,393,921 over the last quarter. Company insiders own 1.76% of the company’s stock.

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.