Louisiana State Employees Retirement System lowered its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 2.9% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 56,900 shares of the Internet television network’s stock after selling 1,700 shares during the quarter. Netflix makes up about 0.7% of Louisiana State Employees Retirement System’s holdings, making the stock its 12th biggest position. Louisiana State Employees Retirement System’s holdings in Netflix were worth $40,357,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Netflix by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after buying an additional 149,341 shares in the last quarter. Jennison Associates LLC raised its holdings in Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock valued at $3,875,655,000 after acquiring an additional 929,193 shares during the last quarter. International Assets Investment Management LLC raised its holdings 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 acquiring an additional 5,748,200 shares during the last quarter. Baillie Gifford & Co. raised its holdings in Netflix by 2.3% in the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock valued at $3,213,825,000 after acquiring an additional 106,756 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in Netflix by 3.1% in the 2nd quarter. Legal & General Group Plc now owns 3,449,114 shares of the Internet television network’s stock valued at $2,327,738,000 after acquiring an additional 104,332 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.
Netflix Stock Performance
NASDAQ:NFLX opened at $754.68 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 0.95. The firm has a 50-day moving average of $706.67 and a two-hundred day moving average of $659.30. The stock has a market cap of $322.60 billion, a P/E ratio of 42.71, a PEG ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a 1-year low of $395.62 and a 1-year high of $773.00.
Insider Buying and Selling at Netflix
Wall Street Analysts Forecast Growth
NFLX has been the subject of several analyst reports. Wedbush boosted their price target on Netflix from $725.00 to $775.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Morgan Stanley boosted their price target on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Oppenheimer boosted their price target on Netflix from $775.00 to $825.00 and gave the company an “outperform” rating in a report on Friday, October 18th. Pivotal Research boosted their price target on Netflix from $900.00 to $925.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, KeyCorp upped their price objective on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $747.70.
Check Out Our Latest Report on Netflix
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.
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