Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 51.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 506 shares of the Internet television network's stock after selling 534 shares during the quarter. Angeles Investment Advisors LLC's holdings in Netflix were worth $451,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Nordea Investment Management AB lifted its holdings 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 purchasing an additional 156,958 shares in the last quarter. First National Trust Co raised its position in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after purchasing an additional 12 shares during the last quarter. Haven Private LLC purchased a new stake in Netflix in the 4th quarter valued at approximately $733,000. Sigma Planning Corp grew its holdings in Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after buying an additional 386 shares during the last quarter. Finally, M&T Bank Corp increased its position in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after buying an additional 1,684 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Insider Buying and Selling at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the company's stock in a transaction 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 sale, the director now directly owns 246 shares of the company's stock, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the firm's 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 have sold a total of 288,583 shares of company stock valued at $279,611,567 in the last three months. Corporate insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. KeyCorp upped their price objective on Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Evercore ISI lifted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Macquarie upped their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Finally, Wedbush reaffirmed an "outperform" rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $1,016.78.

Netflix Stock Up 0.8 %

Shares of NFLX stock traded up $8.05 on Thursday, hitting $978.70. The stock had a trading volume of 493,017 shares, compared to its average volume of 3,479,204. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The firm has a market capitalization of $418.65 billion, a price-to-earnings ratio of 49.35, a P/E/G ratio of 2.12 and a beta of 1.38. 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 stock's 50 day moving average is $967.54 and its 200-day moving average is $864.18.

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

Netflix Company 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.