Johnson Financial Group Inc. Has $677,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Johnson Financial Group Inc. cut its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 47.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 693 shares of the Internet television network's stock after selling 621 shares during the quarter. Johnson Financial Group Inc.'s holdings in Netflix were worth $677,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. Norges Bank acquired a new stake in Netflix in the fourth quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC raised its position in shares of 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 valued at $1,716,662,000 after purchasing an additional 1,924,423 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Netflix by 59.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after purchasing an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after purchasing an additional 743,724 shares during the period. Finally, Strategic Financial Concepts LLC raised its position in shares of Netflix by 112,896.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock valued at $340,420,000 after purchasing an additional 381,590 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the sale, the insider now owns 31,610 shares of the company's stock, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders sold 274,495 shares of company stock worth $268,176,922 in the last quarter. Insiders own 1.76% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NFLX. Barclays lifted their price target on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research report on Monday, April 21st. Wells Fargo & Company upped their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday, April 21st. Sanford C. Bernstein upgraded shares of Netflix from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Rosenblatt Securities upped their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a "buy" rating in a research report on Monday, April 21st. Finally, Argus increased their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Netflix has a consensus rating of "Moderate Buy" and a consensus price target of $1,072.12.

Netflix Trading Up 1.4 %

NFLX stock traded up $15.26 during trading on Tuesday, hitting $1,125.64. The company had a trading volume of 3,768,245 shares, compared to its average volume of 3,713,837. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $957.26 and a 200-day moving average price of $908.81. Netflix, Inc. has a 12 month low of $544.25 and a 12 month high of $1,127.53. The stock has a market cap of $479.04 billion, a price-to-earnings ratio of 56.76, a PEG ratio of 2.12 and a beta of 1.55.

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, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.