AMP Capital Investors Ltd lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 16.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 171,739 shares of the Internet television network’s stock after selling 33,680 shares during the period. AMP Capital Investors Ltd’s holdings in Netflix were worth $32,967,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Balentine LLC boosted its stake in Netflix by 1,020.4% during the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after purchasing an additional 500 shares during the period. James Hambro & Partners acquired a new position in Netflix during the 4th quarter valued at about $106,000. Duncker Streett & Co. Inc. boosted its stake in Netflix by 47.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after purchasing an additional 200 shares during the period. Crewe Advisors LLC acquired a new stake in shares of Netflix in the 4th quarter worth approximately $149,000. Finally, Goodman Financial Corp acquired a new stake in shares of Netflix in the 4th quarter worth approximately $163,000. 80.82% of the stock is owned by hedge funds and other institutional investors.
Netflix, Inc. (NASDAQ NFLX) opened at $331.44 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The firm has a market cap of $150,380.00, a P/E ratio of 231.78, a price-to-earnings-growth ratio of 4.41 and a beta of 0.95. Netflix, Inc. has a 12 month low of $138.66 and a 12 month high of $331.44.
A number of brokerages have recently weighed in on NFLX. Piper Jaffray Companies upped their price target on shares of Netflix to $360.00 and gave the stock an “overweight” rating in a research note on Friday. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $340.00 price target (up from $302.00) on shares of Netflix in a research note on Friday. UBS Group upped their price target on shares of Netflix from $290.00 to $345.00 and gave the stock a “buy” rating in a research note on Monday, March 5th. Barclays set a $285.00 price target on shares of Netflix and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, Wells Fargo & Co set a $285.00 price target on shares of Netflix and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $244.79.
In other Netflix news, CFO David B. Wells sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $187.94, for a total value of $187,940.00. Following the completion of the sale, the chief financial officer now directly owns 1,000 shares of the company’s stock, valued at $187,940. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gregory K. Peters sold 9,618 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $325.00, for a total transaction of $3,125,850.00. The disclosure for this sale can be found here. Insiders sold 473,789 shares of company stock valued at $116,214,109 over the last three months. Insiders own 4.90% of the company’s stock.
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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