Keystone Investors PTE Ltd. Has $2.53 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Keystone Investors PTE Ltd. lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 44.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,836 shares of the Internet television network's stock after selling 2,258 shares during the period. Keystone Investors PTE Ltd.'s holdings in Netflix were worth $2,528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NFLX. RPg Family Wealth Advisory LLC acquired a new position in Netflix during the 3rd quarter valued at about $25,000. Pathway Financial Advisers LLC grew its position in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Newton One Investments LLC acquired a new stake in shares of Netflix in the 4th quarter valued at $34,000. Pineridge Advisors LLC grew its holdings in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after buying an additional 40 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in shares of Netflix in the third quarter valued at approximately $38,000. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NFLX has been the subject of a number of recent research reports. Phillip Securities downgraded Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. increased their price objective on Netflix from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. UBS Group reissued a "buy" rating on shares of Netflix in a research report on Monday, March 10th. Morgan Stanley upped their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Finally, Wolfe Research upgraded shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a research note on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,016.78.

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Netflix Trading Up 2.6 %

Netflix stock traded up $25.29 during mid-day trading on Tuesday, hitting $997.28. 3,775,858 shares of the stock were exchanged, compared to its average volume of 3,487,108. The stock has a market capitalization of $426.59 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 12 month low of $542.01 and a 12 month 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. The firm's fifty day simple moving average is $965.09 and its two-hundred day simple moving average is $863.43.

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

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the business's stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 35,868 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock valued at $279,142,041 in the last quarter. 1.76% of the stock is currently owned by company 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.