California State Teachers Retirement System Sells 22,830 Shares of Netflix, Inc. (NASDAQ:NFLX)

California State Teachers Retirement System decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 674,530 shares of the Internet television network's stock after selling 22,830 shares during the quarter. Netflix comprises approximately 0.7% of California State Teachers Retirement System's portfolio, making the stock its 20th biggest holding. California State Teachers Retirement System owned approximately 0.16% of Netflix worth $601,222,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. West Michigan Advisors LLC grew its stake in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after acquiring an additional 10 shares during the period. Warwick Investment Management Inc. grew its stake in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC grew its position in Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after buying an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC grew its position in Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after buying an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. grew its position in Netflix by 0.3% during the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock valued at $3,410,000 after buying an additional 10 shares during the period. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Argus boosted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Loop Capital restated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Morgan Stanley boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a research report on Monday, April 21st. Wells Fargo & Company upped their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Ten investment 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,072.12.

Insider Activity

In other news, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 273,855 shares of company stock valued at $267,474,816. Corporate insiders own 1.76% of the company's stock.

Netflix Trading Up 0.4 %

NFLX stock opened at $1,101.53 on Monday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $544.25 and a twelve month high of $1,106.80. The stock has a market capitalization of $468.78 billion, a price-to-earnings ratio of 55.55, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The firm's fifty day simple moving average is $955.92 and its two-hundred day simple moving average is $906.10.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the previous year, the business posted $8.28 earnings per share. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share 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.

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