Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 657,354 shares of the Internet television network's stock after selling 2,386 shares during the quarter. Netflix comprises about 0.6% of Voya Investment Management LLC's investment portfolio, making the stock its 23rd largest holding. Voya Investment Management LLC owned 0.15% of Netflix worth $585,659,000 as of its most recent filing with the Securities & Exchange Commission.

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

Insider Activity at Netflix

In other news, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $100,259,088.72. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 273,855 shares of company stock worth $267,474,816. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Up 0.9 %

Shares of NASDAQ:NFLX opened at $1,049.94 on Thursday. The firm has a fifty day moving average price of $953.84 and a 200 day moving average price of $898.31. 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 stock has a market cap of $449.12 billion, a P/E ratio of 52.95, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,064.97.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the firm posted $8.28 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research note on Monday. Canaccord Genuity Group boosted their price target on Netflix from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on Netflix from $1,025.00 to $1,150.00 and gave the stock an "overweight" rating in a report on Monday. Pivotal Research reaffirmed a "buy" rating and issued a $1,350.00 price objective (up from $1,250.00) on shares of Netflix in a report on Thursday, April 17th. Finally, Morgan Stanley raised their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $1,070.65.

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.

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