Netflix, Inc. (NASDAQ:NFLX) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,303,677 shares of the Internet television network's stock after selling 6,568 shares during the period. Netflix accounts for approximately 0.7% of American Century Companies Inc.'s portfolio, making the stock its 15th largest position. American Century Companies Inc. owned approximately 0.30% of Netflix worth $1,161,994,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the 3rd quarter valued at about $25,000. Pathway Financial Advisers LLC lifted its stake in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC acquired a new stake in shares of Netflix in the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC boosted its holdings in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the period. Finally, FSA Wealth Management LLC purchased a new position in shares of Netflix during the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock worth $279,142,041 over the last three months. 1.76% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several analysts recently commented on NFLX shares. Morgan Stanley upped their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Evercore ISI increased their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research note on Wednesday, January 22nd. Finally, Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 target price on the stock in a research note on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,016.78.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $25.29 on Tuesday, hitting $997.28. The company's stock had a trading volume of 3,775,858 shares, compared to its average volume of 3,480,373. The stock has a 50 day moving average of $961.71 and a 200-day moving average of $861.09. The company has a market capitalization of $426.59 billion, a price-to-earnings ratio of 50.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.11 EPS. As a group, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix 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.