Kentucky Retirement Systems Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

Kentucky Retirement Systems lessened its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 29,492 shares of the Internet television network's stock after selling 406 shares during the quarter. Netflix makes up about 0.8% of Kentucky Retirement Systems' investment portfolio, making the stock its 21st largest holding. Kentucky Retirement Systems' holdings in Netflix were worth $26,287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AMF Tjanstepension AB increased its position in Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network's stock valued at $48,557,000 after buying an additional 4,701 shares in the last quarter. Swedbank AB increased its position in Netflix by 1.8% during the 3rd 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 in the last quarter. Stanley Laman Group Ltd. increased its position in Netflix by 40.7% during the 3rd quarter. Stanley Laman Group Ltd. now owns 1,079 shares of the Internet television network's stock valued at $765,000 after buying an additional 312 shares in the last quarter. Private Advisor Group LLC increased its position in Netflix by 4.5% during the 3rd quarter. Private Advisor Group LLC now owns 24,810 shares of the Internet television network's stock valued at $17,597,000 after buying an additional 1,060 shares in the last quarter. Finally, Lecap Asset Management Ltd. bought a new position in Netflix during the 3rd quarter valued at approximately $990,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Trading Down 2.1 %

NASDAQ NFLX traded down $21.39 during trading hours on Friday, hitting $1,003.15. 3,730,394 shares of the company were exchanged, compared to its average volume of 4,138,945. The stock has a market cap of $429.11 billion, a PE ratio of 50.59, a price-to-earnings-growth ratio of 2.16 and a beta of 1.27. The stock has a 50-day moving average price of $938.86 and a 200 day moving average price of $815.63. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. 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 (NASDAQ:NFLX - Get Free Report) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. Analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on the company. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and lifted their target price for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $650.00 to $875.00 and gave the company a "hold" rating in a research report on Wednesday, January 22nd. KeyCorp lifted their target price on Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Finally, UBS Group boosted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Ten research 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 company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,021.70.

Insider Activity

In other news, CEO Gregory K. Peters sold 4,939 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares of the company's stock, valued at approximately $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the company's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is currently owned by insiders.

Netflix 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.