Bessemer Group Inc. Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

Bessemer Group Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,894 shares of the Internet television network's stock after selling 1,884 shares during the period. Bessemer Group Inc.'s holdings in Netflix were worth $166,582,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Nordea Investment Management AB boosted its position in Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after buying an additional 156,958 shares during the period. First National Trust Co boosted its holdings in shares of Netflix by 1.0% during the fourth quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after purchasing an additional 12 shares during the period. Haven Private LLC bought a new stake in shares of Netflix in the fourth quarter worth about $733,000. Sigma Planning Corp grew its stake in shares of Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock worth $4,966,000 after purchasing an additional 386 shares during the last quarter. Finally, M&T Bank Corp increased its holdings in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock valued at $29,751,000 after purchasing an additional 1,684 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Shares of NFLX stock traded down $2.88 during trading hours on Friday, reaching $918.29. The company had a trading volume of 4,069,267 shares, compared to its average volume of 3,687,525. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business has a fifty day moving average price of $960.09 and a 200-day moving average price of $884.26. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm has a market cap of $392.80 billion, a PE ratio of 46.31, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

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

Insider Activity at Netflix

In other news, CFO Spencer Adam Neumann sold 685 shares of the business's stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,009.57, for a total transaction of $691,555.45. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at $3,726,322.87. The trade was a 15.65 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NFLX shares. Evercore ISI lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Oppenheimer raised their price target on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. KeyCorp reduced their price objective on shares of Netflix from $1,100.00 to $1,000.00 and set an "overweight" rating on the stock in a research report on Wednesday. Rosenblatt Securities raised shares of Netflix from a "neutral" rating to a "buy" rating and raised their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Finally, Wolfe Research upgraded shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a research report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average target price of $1,017.31.

About Netflix

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.