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:NFLX – Get 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:NFLX – Get 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

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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.