Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Winslow Capital Management LLC

Winslow Capital Management LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 35.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 413,251 shares of the Internet television network's stock after selling 229,223 shares during the quarter. Netflix accounts for 1.3% of Winslow Capital Management LLC's investment portfolio, making the stock its 26th biggest position. Winslow Capital Management LLC owned 0.10% of Netflix worth $368,339,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. West Michigan Advisors LLC grew its holdings in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. increased its position in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares in the last quarter. MRP Capital Investments LLC increased its position in shares of 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. Bedell Frazier Investment Counselling LLC raised its stake in shares of Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after acquiring an additional 10 shares during the period. Finally, Enzi Wealth lifted its holdings in shares of Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after acquiring an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Netflix stock traded down $2.88 during midday trading on Friday, reaching $918.29. 4,069,267 shares of the stock traded hands, compared to its average volume of 3,690,438. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $392.80 billion, a price-to-earnings ratio of 46.31, a PEG ratio of 2.12 and a beta of 1.55. The firm has a fifty day moving average price of $960.09 and a two-hundred day moving average price of $885.47.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) 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 period in the previous year, the firm posted $2.11 earnings per share. The business's revenue was up 16.0% on a year-over-year basis. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In related news, Director Jay C. Hoag sold 617 shares of the firm's stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares of the company's stock, valued at $362,933.10. This trade represents a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 274,312 shares of company stock valued at $267,919,297. Company insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Guggenheim reissued a "buy" rating and issued a $1,100.00 price objective on shares of Netflix in a research report on Thursday, April 3rd. Phillip Securities lowered Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. Rosenblatt Securities raised shares of Netflix from a "neutral" rating to a "buy" rating and increased their price objective for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Moffett Nathanson raised shares of Netflix from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $850.00 to $1,100.00 in a research report on Monday, March 17th. Finally, The Goldman Sachs Group raised 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. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $1,017.31.

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.