Intermede Investment Partners Ltd Reduces Holdings in Netflix, Inc. (NASDAQ:NFLX)

Intermede Investment Partners Ltd decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 42.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,438 shares of the Internet television network's stock after selling 85,084 shares during the period. Netflix makes up 2.7% of Intermede Investment Partners Ltd's investment portfolio, making the stock its 19th largest holding. Intermede Investment Partners Ltd's holdings in Netflix were worth $102,892,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of NFLX. Proficio Capital Partners LLC raised its holdings in Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. State Street Corp increased its stake in shares of Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in shares of Netflix by 112,896.4% in the 4th 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 in the last quarter. Jennison Associates LLC increased its stake in shares of Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock worth $4,958,417,000 after acquiring an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in Netflix during the 3rd quarter valued at about $222,871,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Trading Up 2.7 %

Shares of Netflix stock opened at $919.68 on Thursday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company's fifty day simple moving average is $950.23 and its 200-day simple moving average is $845.78. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market capitalization of $393.40 billion, a PE ratio of 46.38, a P/E/G ratio of 2.12 and a beta of 1.38.

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

Insider Activity at Netflix

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the firm's stock in a transaction dated 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of recent research reports. BMO Capital Markets reaffirmed an "outperform" rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Benchmark upgraded Netflix from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and boosted their target price for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Needham & Company LLC raised their price target on Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Finally, StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,014.26.

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.

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