Meeder Asset Management Inc. Sells 34,876 Shares of Netflix, Inc. (NASDAQ:NFLX)

Meeder Asset Management Inc. lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 97.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 898 shares of the Internet television network's stock after selling 34,876 shares during the quarter. Meeder Asset Management Inc.'s holdings in Netflix were worth $800,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in NFLX. Vanguard Group Inc. increased its stake in Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after acquiring an additional 171,712 shares during the last quarter. State Street Corp increased its stake in shares of Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock worth $6,464,736,000 after buying an additional 123,029 shares in the last quarter. Norges Bank acquired a new position in shares of Netflix during the 4th quarter worth $5,019,087,000. Finally, Wellington Management Group LLP boosted its stake in Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock valued at $3,473,571,000 after buying an additional 23,702 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

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Insider Activity

In related news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold 288,583 shares of company stock worth $279,611,567 over the last three months. 1.76% of the stock is currently owned by insiders.

Netflix Stock Down 0.4 %

NFLX stock traded down $4.15 during trading on Tuesday, reaching $928.38. 3,514,962 shares of the stock were exchanged, compared to its average volume of 3,592,921. The firm's 50 day moving average is $974.40 and its 200 day moving average is $872.78. The firm has a market cap of $397.12 billion, a P/E ratio of 46.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last issued 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 return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. Netflix's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NFLX. KeyCorp increased their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a report on Wednesday, January 22nd. Benchmark raised shares of Netflix from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. UBS Group reiterated a "buy" rating on shares of Netflix in a report on Monday, March 10th. Finally, Oppenheimer raised their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,021.02.

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.