Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 18.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,578 shares of the Internet television network's stock after selling 571 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Netflix were worth $2,298,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NFLX. West Michigan Advisors LLC raised its stake in shares of Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after acquiring an additional 10 shares in the last quarter. Warwick Investment Management Inc. lifted its stake in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after acquiring an additional 10 shares during the period. MRP Capital Investments LLC lifted its holdings in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC lifted its position in shares of Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after buying an additional 10 shares in the last quarter. Finally, Enzi Wealth grew its position in shares of Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after purchasing an additional 11 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Insider Activity

In other news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Richard N. Barton sold 6,364 shares of the business's stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now directly owns 246 shares of the company's stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 280,676 shares of company stock worth $273,515,672. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NFLX. Arete Research raised shares of Netflix to a "hold" rating in a research note on Thursday, January 23rd. Phillip Securities cut shares of Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. KeyCorp lifted their price target on Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. upped their target price on Netflix from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Finally, Oppenheimer raised their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Ten equities 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. Based on data from MarketBeat.com, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,023.74.

Netflix Trading Down 6.7 %

NASDAQ:NFLX traded down $61.19 during mid-day trading on Friday, hitting $855.86. 6,781,959 shares of the company's stock were exchanged, compared to its average volume of 3,625,380. The firm has a market capitalization of $366.10 billion, a P/E ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a 50 day simple moving average of $970.24 and a 200-day simple moving average of $875.80. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. The business's revenue was up 16.0% compared to the same quarter last year. As a group, research analysts expect 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.