Gotham Asset Management LLC Sells 9,038 Shares of Netflix, Inc. (NASDAQ:NFLX)

Gotham Asset Management LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 30.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,994 shares of the Internet television network’s stock after selling 9,038 shares during the period. Gotham Asset Management LLC’s holdings in Netflix were worth $18,712,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. West Michigan Advisors LLC boosted its holdings in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. grew its holdings in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after buying an additional 10 shares in the last quarter. MRP Capital Investments LLC lifted its holdings in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after buying an additional 10 shares in the last quarter. Bedell Frazier Investment Counselling LLC boosted its position in shares of Netflix by 2.2% in the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after acquiring an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. grew its stake in Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock valued at $3,410,000 after acquiring an additional 10 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on NFLX. Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Moffett Nathanson reaffirmed a “buy” rating and issued a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Robert W. Baird upped their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and issued a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,200.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,084.91.

Insider Activity at Netflix

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at $3,624,746.55. This trade represents a 41.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 132,530 shares of company stock worth $137,602,751 over the last ninety days. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Down 0.4 %

Shares of NASDAQ NFLX opened at $1,139.81 on Friday. The firm has a fifty day simple moving average of $984.97 and a two-hundred day simple moving average of $931.79. The firm has a market capitalization of $485.07 billion, a PE ratio of 57.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,164.00.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the firm earned $8.28 earnings per share. Equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.