Netflix, Inc. (NASDAQ:NFLX) Stock Position Lowered by Vance Wealth Inc.

Vance Wealth Inc. lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 2.8% in the 4th quarter, Holdings Channel reports. The fund owned 869 shares of the Internet television network’s stock after selling 25 shares during the period. Vance Wealth Inc.’s holdings in Netflix were worth $423,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NFLX. International Assets Investment Management LLC lifted its position in shares of Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares in the last quarter. Jennison Associates LLC lifted its position in shares of Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after acquiring an additional 1,573,978 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of 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. Alecta Tjanstepension Omsesidigt lifted its position in Netflix by 171.4% in the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after buying an additional 300,000 shares in the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Netflix in the 3rd quarter worth approximately $99,219,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Guggenheim increased their target price on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research report on Tuesday, April 16th. BMO Capital Markets restated an “outperform” rating and set a $713.00 price target (up previously from $638.00) on shares of Netflix in a report on Wednesday, April 17th. Citigroup raised their price target on shares of Netflix from $555.00 to $660.00 and gave the company a “neutral” rating in a report on Monday, March 25th. Sanford C. Bernstein raised their price target on shares of Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a report on Friday, April 19th. Finally, Barclays raised their target price on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $3.57 during midday trading on Friday, reaching $561.23. 4,332,593 shares of the company’s stock were exchanged, compared to its average volume of 4,190,527. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The firm has a market capitalization of $241.83 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. The company’s 50 day simple moving average is $604.54 and its two-hundred day simple moving average is $520.48. 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 announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the firm posted $2.88 EPS. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. Equities research analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,278 shares in the company, valued at approximately $717,379.74. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 154,573 shares of company stock valued at $89,548,241. Insiders own 2.45% of the company’s stock.

About Netflix

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.