Teacher Retirement System of Texas Has $44.81 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Teacher Retirement System of Texas lessened its stake in Netflix, Inc. (NASDAQ:NFLXGet Rating) by 36.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,610 shares of the Internet television network’s stock after selling 67,448 shares during the quarter. Teacher Retirement System of Texas’ holdings in Netflix were worth $44,805,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in NFLX. Norges Bank bought a new stake in shares of Netflix in the fourth quarter worth $2,612,150,000. BlackRock Inc. lifted its position in shares of Netflix by 8.1% in the fourth quarter. BlackRock Inc. now owns 29,223,880 shares of the Internet television network’s stock worth $17,605,636,000 after purchasing an additional 2,179,427 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Netflix by 30.4% in the fourth quarter. Fisher Asset Management LLC now owns 5,425,804 shares of the Internet television network’s stock worth $3,268,721,000 after purchasing an additional 1,265,219 shares in the last quarter. Castleview Partners LLC bought a new stake in shares of Netflix in the fourth quarter worth $1,184,000. Finally, TD Asset Management Inc. lifted its position in shares of Netflix by 68.6% in the fourth quarter. TD Asset Management Inc. now owns 1,170,044 shares of the Internet television network’s stock worth $704,881,000 after purchasing an additional 476,263 shares in the last quarter. Institutional investors and hedge funds own 80.97% of the company’s stock.

Netflix Stock Down 1.4 %

Shares of NASDAQ NFLX opened at $226.78 on Friday. The company has a 50 day simple moving average of $194.85 and a 200 day simple moving average of $279.93. The firm has a market cap of $100.85 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 1.59 and a beta of 1.36. Netflix, Inc. has a 1 year low of $162.71 and a 1 year high of $700.99. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.05 and a quick ratio of 1.05.

Netflix (NASDAQ:NFLXGet Rating) last issued its quarterly earnings data on Tuesday, July 19th. The Internet television network reported $3.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.24. The business had revenue of $7.97 billion during the quarter, compared to analyst estimates of $8.03 billion. Netflix had a net margin of 16.42% and a return on equity of 30.07%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business earned $2.97 EPS. On average, research analysts forecast that Netflix, Inc. will post 10.06 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on NFLX shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Netflix from $300.00 to $270.00 in a research report on Wednesday, July 20th. Atlantic Securities dropped their price target on shares of Netflix from $280.00 to $211.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 20th. Canaccord Genuity Group dropped their price target on shares of Netflix from $600.00 to $400.00 in a research report on Wednesday, April 20th. Cowen dropped their price target on shares of Netflix from $590.00 to $325.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 20th. Finally, Pivotal Research dropped their price target on shares of Netflix from $235.00 to $175.00 and set a “sell” rating on the stock in a research report on Wednesday, July 20th. Six research analysts have rated the stock with a sell rating, twenty-three have assigned a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Netflix presently has an average rating of “Hold” and a consensus target price of $323.92.

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.

Featured Articles

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.