Del Sette Capital Management LLC Has $3.17 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Del Sette Capital Management LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,560 shares of the Internet television network's stock after selling 377 shares during the period. Netflix accounts for approximately 2.6% of Del Sette Capital Management LLC's investment portfolio, making the stock its 14th largest holding. Del Sette Capital Management LLC's holdings in Netflix were worth $3,173,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blueprint Investment Partners LLC boosted its stake in Netflix by 13.2% in the fourth quarter. Blueprint Investment Partners LLC now owns 1,617 shares of the Internet television network's stock valued at $1,441,000 after acquiring an additional 189 shares during the last quarter. Fortis Capital Management LLC boosted its position in shares of Netflix by 0.5% in the 4th quarter. Fortis Capital Management LLC now owns 10,117 shares of the Internet television network's stock worth $9,017,000 after purchasing an additional 51 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Netflix during the fourth quarter worth $950,000. KLP Kapitalforvaltning AS bought a new stake in Netflix in the fourth quarter valued at about $154,377,000. Finally, Vestor Capital LLC lifted its stake in Netflix by 0.5% in the fourth quarter. Vestor Capital LLC now owns 12,031 shares of the Internet television network's stock valued at $10,723,000 after buying an additional 55 shares during the period. Institutional investors own 80.93% of the company's stock.

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Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at $12,700,583. The trade was a 88.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction on Tuesday, January 7th. The stock was 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 in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 288,103 shares of company stock worth $279,142,041. Company insiders own 1.76% of the company's stock.

Netflix Stock Performance

Netflix stock traded up $11.70 during mid-day trading on Monday, hitting $971.99. 4,544,402 shares of the company's stock traded hands, compared to its average volume of 3,481,383. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a 50 day simple moving average of $959.08 and a two-hundred day simple moving average of $859.06. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The stock has a market cap of $415.78 billion, a price-to-earnings ratio of 49.02, a P/E/G ratio of 2.12 and a beta of 1.38.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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 company had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 EPS. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on NFLX. Evercore ISI boosted their target price on Netflix from $950.00 to $1,100.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Pivotal Research boosted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a "hold" rating in a report on Thursday, January 23rd. The Goldman Sachs Group boosted their price target on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Finally, Needham & Company LLC upped their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $1,016.78.

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.