Netflix, Inc. (NASDAQ:NFLX) is Rosenblum Silverman Sutton S F Inc. CA's 6th Largest Position

Rosenblum Silverman Sutton S F Inc. CA lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,048 shares of the Internet television network's stock after selling 771 shares during the quarter. Netflix comprises approximately 4.5% of Rosenblum Silverman Sutton S F Inc. CA's portfolio, making the stock its 6th biggest holding. Rosenblum Silverman Sutton S F Inc. CA's holdings in Netflix were worth $17,869,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NFLX. Pathway Financial Advisers LLC grew its stake in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares in the last quarter. Newton One Investments LLC bought a new stake in shares of Netflix during the 4th quarter valued at $34,000. Pineridge Advisors LLC lifted its holdings in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Princeton Global Asset Management LLC boosted its stake in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares during the period. Finally, Decker Retirement Planning Inc. purchased a new position in Netflix during the 4th quarter valued at about $43,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Netflix Trading Down 6.7 %

Shares of NFLX stock traded down $61.19 during trading hours on Friday, reaching $855.86. The company's stock had a trading volume of 6,781,959 shares, compared to its average volume of 3,625,380. 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 $366.10 billion, a P/E ratio of 43.16, a P/E/G ratio of 2.12 and a beta of 1.38. The firm's fifty day simple moving average is $970.24 and its 200 day simple moving average is $875.80. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50.

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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFLX. Pivotal Research raised their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Benchmark raised shares of Netflix from a "sell" rating to a "hold" rating in a report on Wednesday, January 22nd. Moffett Nathanson raised Netflix from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $850.00 to $1,100.00 in a research note on Monday, March 17th. Bank of America upped their target price on Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Finally, The Goldman Sachs Group lifted their price target on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,023.74.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company's stock, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 280,676 shares of company stock valued at $273,515,672. 1.76% of the stock is currently owned by corporate insiders.

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.