Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Lessened by Erste Asset Management GmbH

Erste Asset Management GmbH reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 38.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,527 shares of the Internet television network's stock after selling 79,312 shares during the quarter. Netflix comprises approximately 1.4% of Erste Asset Management GmbH's portfolio, making the stock its 10th biggest holding. Erste Asset Management GmbH's holdings in Netflix were worth $113,564,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new position in Netflix during the third quarter worth about $25,000. Pathway Financial Advisers LLC lifted its position in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares during the period. Newton One Investments LLC purchased a new position in Netflix during the fourth quarter worth about $34,000. MidAtlantic Capital Management Inc. purchased a new position in Netflix during the third quarter worth about $37,000. Finally, Pineridge Advisors LLC lifted its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFLX. BMO Capital Markets restated an "outperform" rating and issued a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. Bank of America raised their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. UBS Group restated a "buy" rating on shares of Netflix in a report on Monday. The Goldman Sachs Group raised their price objective on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Finally, Macquarie raised their price objective on Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,014.26.

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Insiders Place Their Bets

In related news, CFO Spencer Adam Neumann sold 685 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,009.57, for a total value of $691,555.45. Following the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,726,322.87. This trade represents a 15.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 288,103 shares of company stock valued at $279,142,041 in the last quarter. Insiders own 1.76% of the company's stock.

Netflix Trading Up 2.7 %

NASDAQ:NFLX opened at $919.68 on Thursday. 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 business's 50 day moving average is $950.23 and its two-hundred day moving average is $845.78. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The company has a market cap of $393.40 billion, a PE ratio of 46.38, a P/E/G ratio of 2.12 and a beta of 1.38.

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

Netflix 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.

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