Atalanta Sosnoff Capital raised its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 56.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,105 shares of the Internet television network’s stock after buying an additional 20,531 shares during the period. Atalanta Sosnoff Capital’s holdings in Netflix were worth $6,532,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Janus Capital Management increased its position in Netflix by 91.1% in the third quarter. Janus Capital Management now owns 1,087,920 shares of the Internet television network’s stock worth $112,339,000 after buying an additional 518,736 shares in the last quarter. ING Groep increased its position in Netflix by 1,702.8% in the third quarter. ING Groep now owns 139,826 shares of the Internet television network’s stock worth $14,435,000 after buying an additional 132,070 shares in the last quarter. J. W. Burns & Company increased its position in Netflix by 7.2% in the fourth quarter. J. W. Burns & Company now owns 24,679 shares of the Internet television network’s stock worth $2,823,000 after buying an additional 1,661 shares in the last quarter. Terra Nova Asset Management purchased a new position in Netflix during the third quarter worth about $1,817,000. Finally, Gerstein Fisher increased its position in Netflix by 435.9% in the third quarter. Gerstein Fisher now owns 12,941 shares of the Internet television network’s stock worth $1,336,000 after buying an additional 10,526 shares in the last quarter.

Netflix, Inc. (NASDAQ:NFLX) traded down 1.59% during mid-day trading on Friday, hitting $100.72. The stock had a trading volume of 26,821,771 shares. The company has a market cap of $43.07 billion and a P/E ratio of 359.71. The company has a 50-day moving average price of $115.65 and a 200 day moving average price of $111.03. Netflix, Inc. has a 1-year low of $58.46 and a 1-year high of $133.27.

A number of research firms have weighed in on NFLX. Bank of America reaffirmed a “buy” rating and set a $137.00 price objective on shares of Netflix in a research report on Thursday, December 10th. FBR & Co. reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Netflix in a research report on Friday, November 20th. Vetr cut Netflix from a “buy” rating to a “hold” rating and set a $125.40 price objective for the company. in a research report on Monday, November 23rd. Zacks Investment Research cut Netflix from a “hold” rating to a “sell” rating in a research report on Tuesday, December 15th. Finally, RBC Capital reaffirmed an “outperform” rating and set a $140.00 price objective on shares of Netflix in a research report on Friday, November 20th. Four equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Netflix presently has an average rating of “Buy” and an average target price of $123.62.

In related news, CEO Reed Hastings sold 89,607 shares of the firm’s stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $124.63, for a total value of $11,167,720.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jonathan Friedland sold 1,309 shares of the firm’s stock in a transaction that occurred on Wednesday, December 2nd. The shares were sold at an average price of $127.31, for a total transaction of $166,648.79. The disclosure for this sale can be found here.

Netflix, Inc. is a provider of Internet television network. The Company has over 57 million streaming members in over 50 countries. Its members can watch more than two billion hours of television (NASDAQ:NFLX) shows and movies per month, including original series, documentaries and feature films on Internet-connected screen. The Company has three operating segments: Domestic streaming, International streaming and Domestic DVD. The Domestic and International streaming segments derive revenues from monthly membership fees for services consisting of streaming content. The Domestic DVD segment derives revenues from monthly membership fees for services consisting of DVD-by-mail. Its members can play, pause and resume watching, all without commercials or commitments. Additionally, in the United States, its members can receive DVDs to their homes. The Company offers streaming service both domestically and internationally.

12 Month Chart for NASDAQ:NFLX

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