Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Increased by Pitcairn Co.

Pitcairn Co. boosted its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,695 shares of the Internet television network's stock after buying an additional 1,395 shares during the period. Pitcairn Co.'s holdings in Netflix were worth $5,967,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC boosted its holdings in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares in the last quarter. Newton One Investments LLC purchased a new position in Netflix during the fourth quarter worth about $34,000. Pineridge Advisors LLC lifted its position in 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 boosted its holdings 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 valued at $42,000 after purchasing an additional 16 shares in the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in Netflix during the 4th quarter worth approximately $43,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. The trade was a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 280,676 shares of company stock worth $273,515,672 over the last quarter. 1.76% of the stock is owned by corporate insiders.

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Netflix Trading Down 6.7 %

Shares of Netflix stock traded down $61.19 during trading hours on Friday, reaching $855.86. The stock had a trading volume of 6,781,959 shares, compared to its average volume of 3,625,380. The firm has a 50 day simple moving average of $970.24 and a two-hundred day simple moving average of $875.80. The firm has a market capitalization of $366.10 billion, a price-to-earnings ratio of 43.16, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. 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 (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 the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during 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%. Netflix's revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.11 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Morgan Stanley lifted their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Moffett Nathanson upgraded shares of Netflix from a "neutral" rating to a "buy" rating and raised their price objective for the company from $850.00 to $1,100.00 in a research note on Monday, March 17th. Robert W. Baird increased their target price on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. UBS Group set a $1,000.00 price target on Netflix in a research note on Monday, March 24th. Finally, Argus raised their price objective on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $1,023.74.

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.