NZS Capital LLC Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

NZS Capital LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 32.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,829 shares of the Internet television network's stock after selling 6,154 shares during the quarter. NZS Capital LLC's holdings in Netflix were worth $11,435,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC grew its position in shares of 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 in the last quarter. Transce3nd LLC acquired a new position in shares of Netflix during the fourth quarter worth about $32,000. Newton One Investments LLC acquired a new position in shares of Netflix during the fourth quarter worth about $34,000. Pineridge Advisors LLC grew its position in shares of 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 in the last quarter. Finally, Princeton Global Asset Management LLC boosted its holdings in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after purchasing an additional 16 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

NFLX has been the subject of a number of research analyst reports. Moffett Nathanson reaffirmed a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target for the company in a report on Thursday, January 23rd. Bank of America boosted their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research note on Wednesday, January 22nd. Finally, Canaccord Genuity Group boosted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Ten research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,072.12.

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 274,495 shares of company stock valued at $268,176,922. Company insiders own 1.76% of the company's stock.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $15.26 on Tuesday, hitting $1,125.64. The company had a trading volume of 3,768,245 shares, compared to its average volume of 3,713,837. 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 company has a market cap of $479.04 billion, a PE ratio of 56.76, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 52-week low of $544.25 and a 52-week high of $1,127.53. The business has a 50 day moving average of $957.26 and a 200 day moving average of $908.81.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the firm earned $8.28 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share 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.