Netflix, Inc. (NASDAQ:NFLX) is Ariose Capital Management Ltd's 2nd Largest Position

Ariose Capital Management Ltd lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 20.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,000 shares of the Internet television network's stock after selling 8,000 shares during the period. Netflix accounts for approximately 22.9% of Ariose Capital Management Ltd's holdings, making the stock its 2nd biggest position. Ariose Capital Management Ltd's holdings in Netflix were worth $27,631,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. bought a new position in Netflix during the 3rd quarter valued at about $37,000. FSA Wealth Management LLC bought a new position in Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services bought a new position in Netflix during the 3rd quarter valued at about $40,000. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on NFLX. Pivotal Research upped their target price on shares of Netflix from $925.00 to $1,100.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. Needham & Company LLC upped their target price on shares of Netflix from $700.00 to $800.00 and gave the company a "buy" rating in a research note on Friday, October 18th. StockNews.com raised shares of Netflix from a "hold" rating to a "buy" rating in a research report on Saturday, December 21st. Wedbush reissued an "outperform" rating and issued a $950.00 target price (up from $800.00) on shares of Netflix in a report on Monday, November 18th. Finally, Rosenblatt Securities reissued a "neutral" rating and issued a $680.00 target price on shares of Netflix in a report on Thursday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $845.06.

Netflix Stock Up 1.9 %

NFLX traded up $15.73 on Monday, hitting $858.10. The company had a trading volume of 3,563,913 shares, compared to its average volume of 2,297,633. The stock has a fifty day moving average price of $884.58 and a 200-day moving average price of $759.58. The stock has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 12-month low of $476.06 and a 12-month high of $941.75. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Chairman Reed Hastings sold 41,601 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $64,435.10. This represents a 99.80 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 5,698 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $756.00, for a total value of $4,307,688.00. Following the transaction, the director now owns 246 shares of the company's stock, valued at approximately $185,976. This represents a 95.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,198 shares of company stock worth $127,616,898 in the last three months. 1.76% of the stock is owned by corporate insiders.

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.