Legal & General Group Plc Has $2.31 Billion Holdings in Netflix, Inc. (NASDAQ:NFLX)

Legal & General Group Plc decreased its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 22.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,587,988 shares of the Internet television network's stock after selling 755,663 shares during the period. Netflix accounts for 0.6% of Legal & General Group Plc's portfolio, making the stock its 20th largest position. Legal & General Group Plc owned approximately 0.61% of Netflix worth $2,306,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares during the last quarter. Newton One Investments LLC bought a new position in Netflix in the 4th quarter worth about $34,000. Pineridge Advisors LLC increased its stake in shares of Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after purchasing an additional 40 shares during the period. Princeton Global Asset Management LLC raised its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after buying an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Netflix during the fourth quarter worth approximately $43,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on NFLX shares. Phillip Securities downgraded Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. Oppenheimer lifted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group increased their target price on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Finally, UBS Group set a $1,000.00 price objective on shares of Netflix in a report on Monday, March 24th. Ten investment 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,017.31.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at $3,402,068.52. This represents a 41.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 274,312 shares of company stock worth $267,919,297. Corporate insiders own 1.76% of the company's stock.

Netflix Stock Down 1.7 %

NFLX stock traded down $15.77 during mid-day trading on Thursday, hitting $929.70. The stock had a trading volume of 3,163,979 shares, compared to its average volume of 3,671,205. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a fifty day moving average of $962.78 and a 200 day moving average of $881.51. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $397.69 billion, a price-to-earnings ratio of 46.71, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The firm 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%. The firm's revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.11 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.