Dover Advisors LLC Trims Stake in Netflix, Inc. (NASDAQ:NFLX)

Dover Advisors LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 7.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 779 shares of the Internet television network’s stock after selling 65 shares during the period. Dover Advisors LLC’s holdings in Netflix were worth $379,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NFLX. Columbia Trust Co 01012016 grew its stake in shares of Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after buying an additional 208 shares during the last quarter. Crumly & Associates Inc. grew its stake in shares of Netflix by 4.1% in the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after buying an additional 83 shares during the last quarter. Venture Visionary Partners LLC lifted its position in Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after acquiring an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after acquiring an additional 392,427 shares in the last quarter. Finally, Sandy Cove Advisors LLC lifted its position in Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after acquiring an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $7,413,521.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the transaction, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 1,278 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,413,521.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 154,573 shares of company stock worth $89,548,241. Company insiders own 2.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on NFLX shares. Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. increased their price target on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Loop Capital increased their price target on Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a report on Monday, March 18th. Barclays increased their price target on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. Finally, TD Cowen raised their target price on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Stock Performance

NASDAQ NFLX traded down $3.57 on Friday, reaching $561.23. 4,332,593 shares of the company’s stock traded hands, compared to its average volume of 4,190,527. The firm has a market cap of $241.83 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 1.37 and a beta of 1.22. The stock has a 50 day moving average price of $604.54 and a 200-day moving average price of $521.57. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.88 earnings per share. Equities research analysts predict that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Netflix Company 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.