Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Cohen Klingenstein LLC

Cohen Klingenstein LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 60.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,000 shares of the Internet television network's stock after selling 7,500 shares during the period. Cohen Klingenstein LLC's holdings in Netflix were worth $4,457,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Advisory Resource Group increased its stake in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after acquiring an additional 12 shares during the last quarter. Insight Wealth Strategies LLC grew its holdings in shares of Netflix by 1.9% during the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network's stock worth $585,000 after purchasing an additional 12 shares during the period. Sunflower Bank N.A. raised its holdings in Netflix by 2.1% in the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network's stock valued at $513,000 after buying an additional 12 shares during the period. New World Advisors LLC lifted its position in Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network's stock valued at $514,000 after buying an additional 14 shares during the last quarter. Finally, Heartland Bank & Trust Co boosted its stake in Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network's stock worth $1,195,000 after buying an additional 15 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a "buy" rating in a report on Friday, October 18th. KeyCorp raised their price target on Netflix from $760.00 to $785.00 and gave the stock an "overweight" rating in a research report on Friday, October 18th. BMO Capital Markets boosted their price objective on Netflix from $825.00 to $1,000.00 and gave the company an "outperform" rating in a report on Wednesday. Citigroup increased their target price on Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Finally, TD Cowen lifted their target price on Netflix from $820.00 to $835.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $845.06.

Insider Buying and Selling

In other news, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the firm's stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now owns 246 shares of the company's stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 152,198 shares of company stock valued at $127,616,898 over the last quarter. 1.76% of the stock is currently owned by insiders.

Netflix Stock Performance

Shares of Netflix stock traded up $15.73 during trading on Friday, reaching $858.10. The company's stock had a trading volume of 3,563,913 shares, compared to its average volume of 2,297,633. The company has a 50-day moving average price of $884.58 and a two-hundred day moving average price of $758.48. Netflix, Inc. has a fifty-two week low of $476.06 and a fifty-two week high of $941.75. The firm has a market cap of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts' consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, analysts forecast that Netflix, Inc. will post 19.78 EPS 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.