Netflix, Inc. (NFLX) Shares Sold by IPG Investment Advisors LLC

IPG Investment Advisors LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 13.2% during the 4th quarter, Holdings Channel reports. The fund owned 3,055 shares of the Internet television network’s stock after selling 465 shares during the period. IPG Investment Advisors LLC’s holdings in Netflix were worth $586,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Duncker Streett & Co. Inc. grew its position in Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after acquiring an additional 200 shares during the last quarter. Murphy Capital Management Inc. grew its position in Netflix by 5.4% in the 4th quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock valued at $828,000 after acquiring an additional 220 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Netflix by 0.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,480 shares of the Internet television network’s stock valued at $6,043,000 after acquiring an additional 235 shares during the last quarter. Covenant Asset Management LLC lifted its holdings in shares of Netflix by 1.6% in the 4th quarter. Covenant Asset Management LLC now owns 15,373 shares of the Internet television network’s stock worth $2,951,000 after buying an additional 238 shares during the period. Finally, BB&T Corp lifted its holdings in shares of Netflix by 6.9% in the 4th quarter. BB&T Corp now owns 4,122 shares of the Internet television network’s stock worth $792,000 after buying an additional 265 shares during the period. 82.38% of the stock is currently owned by institutional investors.

Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $249.47 on Monday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a 12 month low of $138.26 and a 12 month high of $286.81. The company has a market capitalization of $108,260.00, a PE ratio of 199.58, a price-to-earnings-growth ratio of 3.48 and a beta of 1.04.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 EPS for the quarter, meeting analysts’ consensus estimates of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same period last year, the business posted $0.15 earnings per share. The firm’s revenue was up 32.6% compared to the same quarter last year. equities research analysts predict that Netflix, Inc. will post 2.69 EPS for the current year.

NFLX has been the subject of several research reports. Aegis initiated coverage on Netflix in a report on Monday, October 16th. They issued a “hold” rating and a $200.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $225.00 target price on shares of Netflix in a report on Monday, October 16th. Jefferies Group set a $190.00 target price on Netflix and gave the stock a “neutral” rating in a report on Tuesday, October 17th. Wedbush set a $93.00 target price on Netflix and gave the stock a “sell” rating in a report on Tuesday, October 17th. Finally, FBR & Co reiterated a “buy” rating and issued a $207.00 target price (up from $172.00) on shares of Netflix in a report on Tuesday, October 17th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirty-five have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $237.39.

In other news, Director Leslie J. Kilgore sold 630 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $279.00, for a total value of $175,770.00. Following the transaction, the director now directly owns 35,826 shares of the company’s stock, valued at $9,995,454. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $262.91, for a total value of $43,050,723.77. Following the completion of the transaction, the insider now directly owns 23,953 shares in the company, valued at $6,297,483.23. The disclosure for this sale can be found here. Over the last quarter, insiders sold 459,885 shares of company stock valued at $105,163,627. 4.90% of the stock is currently owned by company insiders.

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Netflix Profile

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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