Natixis Advisors L.P. Has $265.69 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Natixis Advisors L.P. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 545,704 shares of the Internet television network’s stock after selling 5,371 shares during the quarter. Netflix makes up about 0.7% of Natixis Advisors L.P.’s investment portfolio, making the stock its 19th largest position. Natixis Advisors L.P.’s holdings in Netflix were worth $265,692,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Authentikos Wealth Advisory LLC acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new stake in Netflix in the third quarter valued at about $26,000. Carmel Capital Partners LLC boosted its holdings in Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after buying an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after buying an additional 35 shares during the period. Finally, Pacifica Partners Inc. bought a new stake in shares of Netflix in the 4th quarter valued at about $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on NFLX. CICC Research assumed coverage on shares of Netflix in a research note on Thursday. They set an “outperform” rating and a $650.00 price objective on the stock. Bank of America boosted their price target on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, April 19th. JPMorgan Chase & Co. raised their price objective on Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research note on Monday, April 8th. Evercore ISI lifted their target price on Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a report on Friday, April 19th. Finally, Rosenblatt Securities lowered their price target on Netflix from $554.00 to $540.00 and set a “neutral” rating for the company in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $631.15.

Insider Activity at Netflix

In other Netflix news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Netflix news, Director Ann Mather sold 3,673 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 133,839 shares of company stock worth $77,788,745. Company insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock traded up $10.74 on Thursday, hitting $562.45. The company’s stock had a trading volume of 1,262,675 shares, compared to its average volume of 4,428,038. Netflix, Inc. has a fifty-two week low of $315.85 and a fifty-two week high of $639.00. The company has a market capitalization of $242.36 billion, a PE ratio of 38.82, a PEG ratio of 1.35 and a beta of 1.23. The stock’s 50 day moving average is $603.12 and its 200-day moving average is $524.53. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the previous year, the firm posted $2.88 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

About Netflix

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.