CenterBook Partners LP Sells 12,655 Shares of Netflix, Inc. (NASDAQ:NFLX)

CenterBook Partners LP lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 43.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,248 shares of the Internet television network's stock after selling 12,655 shares during the quarter. Netflix comprises approximately 0.9% of CenterBook Partners LP's holdings, making the stock its 18th largest holding. CenterBook Partners LP's holdings in Netflix were worth $14,482,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in NFLX. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $34,000. Pineridge Advisors LLC raised its position in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the period. Princeton Global Asset Management LLC boosted its stake in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after acquiring an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in Netflix during the fourth quarter valued at approximately $43,000. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider David A. Hyman sold 41,121 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the company's stock in a transaction dated 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 owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Rosenblatt Securities raised shares of Netflix from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their price objective on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Robert W. Baird raised their price target on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Wedbush reiterated an "outperform" rating and set a $1,150.00 price objective on shares of Netflix in a report on Friday. Ten equities research 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $1,017.31.

Netflix Stock Performance

Shares of NFLX traded down $2.88 during midday trading on Friday, reaching $918.29. The stock had a trading volume of 4,069,267 shares, compared to its average volume of 3,690,438. The firm has a market cap of $392.80 billion, a PE ratio of 46.31, a P/E/G ratio of 2.12 and a beta of 1.55. The firm has a 50 day simple moving average of $960.09 and a 200-day simple moving average of $885.47. Netflix, Inc. has a one year low of $542.01 and a one 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 posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 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 return on equity of 38.32% and a net margin of 22.34%. Netflix's quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.11 earnings per share. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.