Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Guinness Asset Management LTD

Guinness Asset Management LTD decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 15.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,572 shares of the Internet television network's stock after selling 8,907 shares during the period. Netflix makes up about 0.8% of Guinness Asset Management LTD's holdings, making the stock its 26th largest holding. Guinness Asset Management LTD's holdings in Netflix were worth $43,298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the third quarter worth about $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. Decker Retirement Planning Inc. bought a new stake in Netflix during the fourth quarter valued at approximately $43,000. MidAtlantic Capital Management Inc. purchased a new position in Netflix in the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC bought a new position in shares of Netflix in the 3rd quarter worth $38,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 5,698 shares of the firm's stock in a transaction on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now owns 246 shares in the company, valued at approximately $185,976. This represents a 95.86 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,198 shares of company stock valued at $127,616,898. Corporate insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wolfe Research reaffirmed an "outperform" rating on shares of Netflix in a report on Friday, October 18th. Jefferies Financial Group lifted their price target on Netflix from $780.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Barclays raised their price objective on Netflix from $550.00 to $715.00 and gave the company an "underweight" rating in a report on Tuesday, January 14th. Wells Fargo & Company boosted their price objective on shares of Netflix from $758.00 to $797.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Finally, UBS Group lifted their target price on shares of Netflix from $825.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $845.06.

Netflix Stock Up 1.9 %

Shares of NASDAQ:NFLX traded up $15.73 during trading hours on Monday, hitting $858.10. The company's stock had a trading volume of 3,563,913 shares, compared to its average volume of 2,297,633. The firm's fifty day moving average price is $884.58 and its 200 day moving average price is $759.58. Netflix, Inc. has a 52 week low of $476.06 and a 52 week high of $941.75. The company 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. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

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

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.