Jennison Associates Reduces $549M in Netflix, Inc. ($NFLX)
Key Points
- Jennison Associates changed its Netflix, Inc. ($NFLX) stake by 19.7% last quarter, cutting to 27,996,134 shares worth $2.23 billion.
- Wall Street's consensus rating on $NFLX is Buy and an average price target of $114.15.
- $NFLX last traded around $79.83.
Jennison Associates reduced its position in Netflix, Inc. ($NFLX) by 19.7% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,996,134 shares of Netflix, Inc. after selling 6,875,817 shares during the quarter. Jennison Associates's holdings in Netflix, Inc. were worth $2.23 billion as of its most recent filing.
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About Netflix, Inc.
Netflix, Inc. provides entertainment services worldwide. The company offers television (TV) series, documentaries, feature films, games, and live programming across various genres and languages. It 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. Netflix, Inc. was incorporated in 1997 and is headquartered in Los Gatos, California.
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