Cubist Systematic Strategies LLC Acquires 4,681 Shares of Netflix, Inc. (NFLX)

Cubist Systematic Strategies LLC lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 110.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,924 shares of the Internet television network’s stock after purchasing an additional 4,681 shares during the period. Cubist Systematic Strategies LLC’s holdings in Netflix were worth $1,618,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. FMR LLC grew its stake in Netflix by 12.4% in the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock worth $3,531,042,000 after acquiring an additional 2,605,731 shares during the period. Janus Henderson Group PLC grew its stake in Netflix by 3,478.1% in the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock worth $305,014,000 after acquiring an additional 1,984,404 shares during the period. Jennison Associates LLC grew its stake in Netflix by 14.0% in the 2nd quarter. Jennison Associates LLC now owns 14,784,089 shares of the Internet television network’s stock worth $2,208,891,000 after acquiring an additional 1,814,056 shares during the period. Los Angeles Capital Management & Equity Research Inc. grew its stake in Netflix by 22,622.2% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 814,592 shares of the Internet television network’s stock worth $121,708,000 after acquiring an additional 811,007 shares during the period. Finally, Vanguard Group Inc. grew its stake in Netflix by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock worth $4,176,049,000 after acquiring an additional 789,190 shares during the period. 83.37% of the stock is owned by institutional investors and hedge funds.

In other Netflix news, Director Richard N. Barton sold 350 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $185.71, for a total value of $64,998.50. Following the transaction, the director now owns 7,171 shares in the company, valued at approximately $1,331,726.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathan Friedland sold 3,617 shares of the business’s stock in a transaction on Tuesday, October 17th. The stock was sold at an average price of $203.35, for a total transaction of $735,516.95. The disclosure for this sale can be found here. Insiders have sold a total of 325,985 shares of company stock worth $62,950,918 in the last 90 days. Company insiders own 4.90% of the company’s stock.

Netflix, Inc. (NFLX) opened at $190.12 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market cap of $82,270.00, a price-to-earnings ratio of 189.76, a P/E/G ratio of 5.58 and a beta of 1.33. Netflix, Inc. has a 1-year low of $122.87 and a 1-year high of $204.38.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 EPS. research analysts forecast that Netflix, Inc. will post 1.26 earnings per share for the current fiscal year.

Several analysts have commented on the stock. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. Loop Capital reaffirmed a “buy” rating and issued a $237.00 target price on shares of Netflix in a research note on Wednesday, December 6th. SunTrust Banks set a $175.00 target price on shares of Netflix and gave the stock a “hold” rating in a research note on Monday, October 16th. Evercore ISI assumed coverage on shares of Netflix in a research note on Wednesday, December 6th. They issued an “in-line” rating and a $210.00 target price for the company. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $203.00 target price on shares of Netflix in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, eighteen have issued a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $209.65.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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