Nuveen Asset Management LLC Has $2.06 Billion Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Nuveen Asset Management LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,310,423 shares of the Internet television network’s stock after selling 129,969 shares during the period. Netflix accounts for 0.6% of Nuveen Asset Management LLC’s holdings, making the stock its 23rd biggest position. Nuveen Asset Management LLC owned about 0.54% of Netflix worth $2,059,326,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. West Michigan Advisors LLC grew its position in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after acquiring an additional 10 shares during the last quarter. Warwick Investment Management Inc. increased its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after buying an additional 10 shares during the period. MRP Capital Investments LLC raised its holdings in Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after buying an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC boosted its position in Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after buying an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. grew its holdings in Netflix by 0.3% in the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock worth $3,410,000 after acquiring an additional 10 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on NFLX. Phillip Securities raised shares of Netflix from a “moderate sell” rating to a “hold” rating in a research note on Monday, April 21st. Citigroup reissued a “neutral” rating on shares of Netflix in a research report on Monday, May 5th. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,025.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Robert W. Baird raised their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,084.91.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,624,746.55. This trade represents a 41.34% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,868 shares of company stock valued at $138,483,256 over the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Up 2.6%

Shares of Netflix stock opened at $1,138.44 on Wednesday. The company has a 50-day simple moving average of $991.99 and a two-hundred day simple moving average of $938.19. The stock has a market capitalization of $484.49 billion, a PE ratio of 57.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,164.00. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the previous year, the business earned $8.28 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Netflix Profile

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.