Elo Mutual Pension Insurance Co Lowers Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Elo Mutual Pension Insurance Co lessened its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 39,164 shares of the Internet television network's stock after selling 1,789 shares during the period. Netflix makes up about 0.7% of Elo Mutual Pension Insurance Co's investment portfolio, making the stock its 23rd biggest holding. Elo Mutual Pension Insurance Co's holdings in Netflix were worth $34,908,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NFLX. West Michigan Advisors LLC increased its stake in Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares in the last quarter. Warwick Investment Management Inc. raised its stake in Netflix by 3.5% during the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after buying an additional 10 shares during the period. MRP Capital Investments LLC boosted its holdings in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after acquiring an additional 10 shares in the last quarter. Enzi Wealth grew its stake in Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after acquiring an additional 11 shares during the period. Finally, TCI Wealth Advisors Inc. increased its holdings in shares of Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock valued at $624,000 after acquiring an additional 11 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 288,583 shares of company stock worth $279,611,567. 1.76% of the stock is currently owned by insiders.

Netflix Price Performance

NASDAQ:NFLX traded down $42.87 during midday trading on Friday, hitting $933.85. The company had a trading volume of 4,417,691 shares, compared to its average volume of 3,583,146. The company has a market capitalization of $399.46 billion, a PE ratio of 47.09, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The stock's fifty day moving average price is $971.74 and its 200-day moving average price is $868.10.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data 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 firm 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%. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.11 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on NFLX. Arete Research upgraded Netflix to a "hold" rating in a report on Thursday, January 23rd. Barclays raised shares of Netflix from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Macquarie boosted their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Loop Capital restated a "hold" rating on shares of Netflix in a report on Monday, March 24th. Finally, Needham & Company LLC lifted their price target on Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.02.

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.