NorthCrest Asset Manangement LLC Makes New Investment in Netflix, Inc. (NASDAQ:NFLX)

NorthCrest Asset Manangement LLC purchased a new position in Netflix, Inc. (NASDAQ:NFLXGet Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,007 shares of the Internet television network’s stock, valued at approximately $607,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NFLX. Fisher Asset Management LLC increased its position in Netflix by 30.4% in the 4th quarter. Fisher Asset Management LLC now owns 5,425,804 shares of the Internet television network’s stock valued at $3,268,721,000 after acquiring an additional 1,265,219 shares during the period. DSM Capital Partners LLC acquired a new stake in shares of Netflix in the third quarter worth $538,314,000. Gobi Capital LLC acquired a new stake in shares of Netflix in the third quarter worth $510,468,000. Sculptor Capital LP acquired a new stake in shares of Netflix in the third quarter worth $388,262,000. Finally, California Public Employees Retirement System boosted its position in Netflix by 52.5% during the third quarter. California Public Employees Retirement System now owns 1,789,412 shares of the Internet television network’s stock valued at $1,092,150,000 after purchasing an additional 616,339 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.

Shares of NASDAQ:NFLX opened at $204.01 on Thursday. The company’s 50 day simple moving average is $329.90 and its 200 day simple moving average is $481.02. The stock has a market capitalization of $90.64 billion, a price-to-earnings ratio of 18.51, a price-to-earnings-growth ratio of 1.04 and a beta of 1.28. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 1.05. Netflix, Inc. has a 1 year low of $185.60 and a 1 year high of $700.99.

Netflix (NASDAQ:NFLXGet Rating) last announced its quarterly earnings results on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.63. The company had revenue of $7.87 billion during the quarter, compared to the consensus estimate of $7.94 billion. Netflix had a net margin of 16.47% and a return on equity of 32.01%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.75 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 10.88 EPS for the current fiscal year.

A number of equities analysts have recently commented on the company. Wolfe Research dropped their price objective on Netflix from $694.00 to $497.00 and set an “outperform” rating on the stock in a research note on Friday, January 21st. Stifel Nicolaus downgraded Netflix from a “buy” rating to a “hold” rating and decreased their price objective for the company from $460.00 to $300.00 in a report on Wednesday, April 20th. Pivotal Research downgraded Netflix from a “buy” rating to a “sell” rating and reduced their price objective for the stock from $550.00 to $235.00 in a report on Wednesday, April 20th. Canaccord Genuity Group dropped their target price on shares of Netflix from $600.00 to $400.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. Finally, Edward Jones cut shares of Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, April 21st. Three analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Hold” and an average target price of $386.31.

About Netflix (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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