GS Investments Inc. Reduces Position in Netflix, Inc. (NASDAQ:NFLX)

GS Investments Inc. trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 17.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,774 shares of the Internet television network's stock after selling 365 shares during the quarter. GS Investments Inc.'s holdings in Netflix were worth $1,581,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Swedbank AB boosted its stake in Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network's stock valued at $329,958,000 after buying an additional 8,024 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock worth $1,200,485,000 after acquiring an additional 198,148 shares in the last quarter. BIP Wealth LLC bought a new position in shares of Netflix during the 3rd quarter valued at approximately $260,000. Parnassus Investments LLC grew its holdings in shares of Netflix by 7.7% in the third quarter. Parnassus Investments LLC now owns 1,135 shares of the Internet television network's stock valued at $805,000 after purchasing an additional 81 shares in the last quarter. Finally, Avior Wealth Management LLC increased its position in Netflix by 1.0% in the third quarter. Avior Wealth Management LLC now owns 4,621 shares of the Internet television network's stock worth $3,278,000 after purchasing an additional 45 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several research firms recently commented on NFLX. Wedbush reiterated an "outperform" rating and issued a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. StockNews.com cut shares of Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Pivotal Research increased their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Citigroup boosted their target price on Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group raised their price target on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,016.78.

Netflix Price Performance

Shares of Netflix stock traded up $9.45 during trading hours on Friday, reaching $960.29. 5,895,581 shares of the company's stock were exchanged, compared to its average volume of 3,476,641. The business has a fifty day moving average of $959.08 and a two-hundred day moving average of $857.81. The company has a market capitalization of $410.77 billion, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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 1 year low of $542.01 and a 1 year high of $1,064.50.

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

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the company's stock in a transaction 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 transaction, the chairman now owns 114 shares in the company, valued at $101,241.12. This represents a 99.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. This represents a 41.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock worth $279,142,041 over the last ninety days. Company insiders own 1.76% of the company's stock.

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.