Netflix, Inc. (NASDAQ:NFLX) Holdings Cut by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,559 shares of the Internet television network's stock after selling 432 shares during the quarter. Netflix accounts for about 1.4% of Gardner Lewis Asset Management L P's holdings, making the stock its 24th biggest position. Gardner Lewis Asset Management L P's holdings in Netflix were worth $5,846,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in shares of Netflix during the 4th quarter worth $5,019,087,000. Proficio Capital Partners LLC increased its holdings in Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares in the last quarter. State Street Corp increased its holdings in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Strategic Financial Concepts LLC raised its position in Netflix by 112,896.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock worth $340,420,000 after acquiring an additional 381,590 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Netflix by 226.3% in the fourth quarter. KBC Group NV now owns 399,186 shares of the Internet television network's stock valued at $355,803,000 after purchasing an additional 276,865 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

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Netflix Stock Down 1.2 %

NASDAQ:NFLX traded down $11.40 during trading hours on Monday, hitting $922.45. The stock had a trading volume of 2,156,691 shares, compared to its average volume of 3,577,808. The company has a market cap of $394.58 billion, a PE ratio of 46.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The business has a 50 day simple moving average of $971.74 and a two-hundred day simple moving average of $869.42. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the previous year, the firm posted $2.11 EPS. The firm's quarterly revenue was up 16.0% on a year-over-year basis. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 35,868 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the sale, the chairman now owns 114 shares of the company's stock, valued at $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on NFLX shares. Arete Research raised shares of Netflix to a "hold" rating in a research note on Thursday, January 23rd. Argus raised their price target on Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Rosenblatt Securities upgraded Netflix from a "neutral" rating to a "buy" rating and upped their price objective for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Wedbush reiterated an "outperform" rating and set a $1,150.00 price objective (up previously from $950.00) on shares of Netflix 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 target price on the stock in a report on Thursday, January 23rd. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,021.02.

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.