Te Ahumairangi Investment Management Ltd Has $477,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Te Ahumairangi Investment Management Ltd lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 34.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 535 shares of the Internet television network's stock after selling 280 shares during the period. Te Ahumairangi Investment Management Ltd's holdings in Netflix were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nordea Investment Management AB grew its stake in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after buying an additional 156,958 shares in the last quarter. First National Trust Co grew its position in shares of Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock valued at $1,121,000 after acquiring an additional 12 shares during the period. Haven Private LLC acquired a new position in shares of Netflix during the 4th quarter worth about $733,000. Sigma Planning Corp raised its holdings in shares of Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after purchasing an additional 386 shares during the period. Finally, M&T Bank Corp lifted its stake in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock valued at $29,751,000 after purchasing an additional 1,684 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

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Netflix Price Performance

Netflix stock traded up $7.14 during midday trading on Wednesday, reaching $935.52. The company's stock had a trading volume of 3,221,293 shares, compared to its average volume of 3,597,808. 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 cap of $400.18 billion, a PE ratio of 47.18, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The business has a 50-day moving average price of $974.03 and a 200-day moving average price of $873.22.

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

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the company's stock in a transaction dated 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 completion of the transaction, the chairman now owns 114 shares of the company's stock, valued at $101,241.12. This represents a 99.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total value of $2,397,393.72. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at $3,402,068.52. The trade was a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 316,544 shares of company stock worth $305,369,325. Insiders own 1.76% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on NFLX. JPMorgan Chase & Co. boosted their price target 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. Rosenblatt Securities upgraded Netflix from a "neutral" rating to a "buy" rating and increased their price target for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Bank of America raised their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Needham & Company LLC upped their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Finally, Phillip Securities lowered shares of Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average 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.