Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 594,611 shares of the Internet television network's stock after selling 60,167 shares during the quarter. Pictet Asset Management Holding SA owned about 0.14% of Netflix worth $529,989,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after acquiring an additional 171,712 shares during the last quarter. State Street Corp boosted its holdings in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock valued at $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network's stock valued at $6,464,736,000 after buying an additional 123,029 shares during the period. Norges Bank acquired a new stake in shares of Netflix during the 4th quarter worth approximately $5,019,087,000. Finally, Wellington Management Group LLP lifted its holdings in Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network's stock valued at $3,473,571,000 after acquiring an additional 23,702 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

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Netflix Stock Performance

NASDAQ NFLX traded down $11.47 on Monday, hitting $922.38. 2,035,546 shares of the company's stock were exchanged, compared to its average volume of 4,547,396. The firm has a market cap of $394.56 billion, a price-to-earnings ratio of 46.54, a P/E/G ratio of 2.12 and a beta of 1.38. The firm's 50-day moving average price is $971.74 and its two-hundred day moving average price is $869.42. 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 debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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

Insiders Place Their Bets

In related news, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,583 shares of company stock worth $279,611,567. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Argus upped their price target on Netflix from $840.00 to $1,040.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Oppenheimer upped their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Rosenblatt Securities upgraded shares of Netflix from a "neutral" rating to a "buy" rating and lifted their price target for the company from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Finally, Guggenheim lifted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,021.02.

Netflix Company 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.