Sei Investments Co. reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 14.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,208 shares of the Internet television network’s stock after selling 47,146 shares during the quarter. Sei Investments Co. owned approximately 0.06% of Netflix worth $52,061,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Balentine LLC lifted its stake in Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after buying an additional 500 shares during the last quarter. Duncker Streett & Co. Inc. lifted its stake in Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after buying an additional 200 shares during the last quarter. Goodman Financial Corp purchased a new stake in Netflix in the fourth quarter valued at approximately $163,000. Steward Partners Investment Advisory LLC purchased a new stake in Netflix in the third quarter valued at approximately $171,000. Finally, Grove Bank & Trust lifted its stake in Netflix by 249.6% in the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock valued at $174,000 after buying an additional 684 shares during the last quarter. 80.82% of the stock is owned by institutional investors.
In other news, CEO Reed Hastings sold 91,861 shares of Netflix stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $189.03, for a total transaction of $17,364,484.83. Following the transaction, the chief executive officer now directly owns 91,861 shares in the company, valued at approximately $17,364,484.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO David B. Wells sold 1,000 shares of Netflix stock in a transaction on Monday, December 11th. The shares were sold at an average price of $187.94, for a total value of $187,940.00. Following the transaction, the chief financial officer now owns 1,000 shares in the company, valued at $187,940. The disclosure for this sale can be found here. Insiders have sold a total of 473,789 shares of company stock worth $116,214,109 in the last ninety days. 4.90% of the stock is owned by company insiders.
A number of research analysts recently weighed in on the company. Stifel Nicolaus lowered Netflix from a “buy” rating to a “hold” rating and upped their price objective for the stock from $283.00 to $325.00 in a report on Tuesday. UBS Group upped their target price on Netflix from $290.00 to $345.00 and gave the company a “buy” rating in a report on Monday. Macquarie upped their target price on Netflix from $275.00 to $330.00 and gave the company an “outperform” rating in a report on Monday. BidaskClub upgraded Netflix from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 21st. Finally, MKM Partners upped their price objective on Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, January 29th. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $243.21.
Shares of Netflix, Inc. (NASDAQ:NFLX) traded down $4.16 during midday trading on Thursday, hitting $317.00. The company had a trading volume of 11,366,111 shares, compared to its average volume of 11,660,000. The company has a market cap of $137,560.00, a P/E ratio of 221.68, a price-to-earnings-growth ratio of 4.46 and a beta of 0.95. Netflix, Inc. has a 1-year low of $138.66 and a 1-year high of $325.79. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share for the quarter, meeting the consensus estimate of $0.41. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s revenue for the quarter was up 32.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.15 EPS. equities research analysts forecast that Netflix, Inc. will post 2.73 earnings per share for the current year.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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