Morningstar Investment Management LLC Cuts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Morningstar Investment Management LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,610 shares of the Internet television network's stock after selling 2,061 shares during the quarter. Netflix comprises approximately 0.4% of Morningstar Investment Management LLC's portfolio, making the stock its 28th biggest position. Morningstar Investment Management LLC's holdings in Netflix were worth $5,000,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the 3rd quarter valued at $25,000. Pathway Financial Advisers LLC lifted its holdings 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 valued at $27,000 after purchasing an additional 14 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock worth $34,000 after buying an additional 42 shares in the last quarter. Newton One Investments LLC purchased a new position in Netflix in the 4th quarter worth about $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in Netflix during the 3rd quarter valued at about $37,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Price Performance

Shares of NFLX traded down $21.39 during mid-day trading on Friday, hitting $1,003.15. 3,695,353 shares of the stock were exchanged, compared to its average volume of 4,110,222. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company 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. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The firm has a 50-day moving average of $938.86 and a two-hundred day moving average of $815.63.

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, 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 business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the business earned $2.11 earnings per share. Netflix's quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on NFLX shares. Argus increased their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research report on Monday, January 6th. Loop Capital raised their price target on Netflix from $925.00 to $1,000.00 and gave the stock a "hold" rating in a research note on Wednesday, January 22nd. Pivotal Research upped their price objective on Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. raised their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Finally, Benchmark raised shares of Netflix from a "sell" rating to a "hold" rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,021.70.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of Netflix stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the company's stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 303,220 shares of company stock worth $289,856,164. Corporate insiders own 1.76% of the company's stock.

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.