Sfmg LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 28.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,295 shares of the Internet television network’s stock after selling 520 shares during the quarter. Sfmg LLC’s holdings in Netflix were worth $419,000 at the end of the most recent reporting period.
Several other institutional investors have also recently modified their holdings of the company. State Street Corp lifted its position in shares of Netflix by 1.3% in the third quarter. State Street Corp now owns 16,453,029 shares of the Internet television network’s stock worth $4,403,160,000 after purchasing an additional 218,262 shares in the last quarter. Fisher Asset Management LLC increased its stake in Netflix by 142.6% in the 3rd quarter. Fisher Asset Management LLC now owns 2,216,329 shares of the Internet television network’s stock valued at $593,134,000 after buying an additional 1,302,678 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Netflix by 4.6% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,840,863 shares of the Internet television network’s stock valued at $595,648,000 after buying an additional 80,169 shares during the last quarter. California Public Employees Retirement System lifted its position in Netflix by 13.2% during the 4th quarter. California Public Employees Retirement System now owns 916,070 shares of the Internet television network’s stock worth $296,413,000 after buying an additional 106,766 shares in the last quarter. Finally, California State Teachers Retirement System lifted its position in Netflix by 1.3% during the 3rd quarter. California State Teachers Retirement System now owns 760,136 shares of the Internet television network’s stock worth $203,428,000 after buying an additional 9,447 shares in the last quarter. Institutional investors own 80.69% of the company’s stock.
Several equities analysts have recently weighed in on the company. Macquarie cut Netflix from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $375.00 to $325.00 in a report on Thursday, October 17th. Goldman Sachs Group set a $430.00 target price on Netflix and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Robert W. Baird upped their target price on Netflix from $300.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Zacks Investment Research raised Netflix from a “hold” rating to a “buy” rating and set a $367.00 price target for the company in a research report on Friday, January 24th. Finally, Citigroup raised their price target on Netflix from $325.00 to $350.00 and gave the company a “neutral” rating in a research note on Monday, January 27th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-seven have given a buy rating to the company. Netflix presently has an average rating of “Buy” and an average price target of $380.00.
Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.78. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.45 billion. Netflix had a net margin of 9.26% and a return on equity of 28.45%. The company’s revenue was up 30.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.30 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 6.04 earnings per share for the current fiscal year.
In related news, CEO Reed Hastings sold 54,516 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $312.04, for a total value of $17,011,172.64. Following the transaction, the chief executive officer now owns 54,516 shares in the company, valued at approximately $17,011,172.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.72% of the stock is currently owned by corporate insiders.
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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