Netflix, Inc. (NASDAQ:NFLX) Shares Sold by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,089 shares of the Internet television network's stock after selling 3,719 shares during the period. Netflix accounts for 1.7% of ST Germain D J Co. Inc.'s portfolio, making the stock its 10th largest position. ST Germain D J Co. Inc.'s holdings in Netflix were worth $36,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after buying an additional 42 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in Netflix in the third quarter valued at about $37,000. FSA Wealth Management LLC bought a new position in Netflix during the third quarter worth about $38,000. Finally, First Personal Financial Services acquired a new position in shares of Netflix during the 3rd quarter worth about $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company's stock, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leslie J. Kilgore sold 358 shares of the stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the transaction, the director now directly owns 35,262 shares in the company, valued at approximately $26,975,430. This represents a 1.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NFLX. StockNews.com upgraded shares of Netflix from a "hold" rating to a "buy" rating in a research report on Saturday, December 21st. Sanford C. Bernstein increased their target price on shares of Netflix from $625.00 to $780.00 and gave the stock a "market perform" rating in a report on Friday, October 18th. Benchmark boosted their price target on shares of Netflix from $555.00 to $720.00 and gave the company a "sell" rating in a report on Friday, January 3rd. Morgan Stanley raised their price objective on Netflix from $820.00 to $830.00 and gave the stock an "overweight" rating in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $590.00 to $650.00 and gave the stock a "hold" rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $824.00.

Netflix Stock Performance

NFLX stock traded down $37.31 during trading hours on Friday, reaching $837.69. The stock had a trading volume of 4,779,966 shares, compared to its average volume of 3,086,778. The stock has a market capitalization of $358.08 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The stock has a 50-day simple moving average of $878.06 and a 200 day simple moving average of $752.69. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The business had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. Analysts predict that Netflix, Inc. will post 19.78 EPS for the current fiscal 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.