Evolutionary Tree Capital Management LLC Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Evolutionary Tree Capital Management LLC decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,358 shares of the Internet television network's stock after selling 410 shares during the quarter. Netflix comprises about 4.0% of Evolutionary Tree Capital Management LLC's investment portfolio, making the stock its 11th largest position. Evolutionary Tree Capital Management LLC's holdings in Netflix were worth $3,884,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NFLX. Norges Bank purchased a new stake in shares of Netflix in the 4th quarter worth approximately $5,019,087,000. Proficio Capital Partners LLC raised its position in Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares during the period. Finally, Strategic Financial Concepts LLC increased its position in shares of Netflix by 112,896.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network's stock worth $340,420,000 after purchasing an additional 381,590 shares in the last quarter. Institutional investors own 80.93% of the company's stock.

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Insider Buying and Selling

In related news, Director Jay C. Hoag sold 617 shares of the business's stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction 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 in the company, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 274,312 shares of company stock worth $267,919,297. Insiders own 1.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Rosenblatt Securities raised shares of Netflix from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Macquarie upped their price target on shares of Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Loop Capital reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Morgan Stanley boosted their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Finally, KeyCorp dropped their target price on Netflix from $1,100.00 to $1,000.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,021.31.

Netflix Stock Down 0.2 %

Shares of NASDAQ NFLX traded down $2.00 during midday trading on Wednesday, reaching $974.28. 3,071,927 shares of the company's stock traded hands, compared to its average volume of 3,708,565. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $416.76 billion, a price-to-earnings ratio of 49.13, a P/E/G ratio of 2.12 and a beta of 1.55. The stock's 50 day simple moving average is $957.71 and its 200-day simple moving average is $887.65. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $2.11 earnings per share. The company's quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.