Prudential PLC Sells 1,931 Shares of Netflix, Inc. (NASDAQ:NFLX)

Prudential PLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 6.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,643 shares of the Internet television network's stock after selling 1,931 shares during the quarter. Prudential PLC's holdings in Netflix were worth $25,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after buying an additional 171,712 shares during the last quarter. State Street Corp boosted its position in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the last quarter. Geode Capital Management LLC boosted its position in Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after purchasing an additional 175,596 shares during the last quarter. Norges Bank bought a new position in Netflix in the 4th quarter valued at $5,019,087,000. Finally, Alliancebernstein L.P. increased its position in shares of Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock valued at $4,582,568,000 after purchasing an additional 82,564 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

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Netflix Price Performance

NFLX stock traded down $61.19 during midday trading on Friday, reaching $855.86. The company had a trading volume of 6,781,959 shares, compared to its average volume of 3,624,395. The firm has a 50-day moving average price of $970.24 and a 200-day moving average price of $874.63. The company has a market capitalization of $366.10 billion, a P/E ratio of 43.16, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 1 year low of $542.01 and a 1 year 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 announced its earnings results 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 net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the business earned $2.11 earnings per share. The firm's quarterly revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were 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 approximately $362,933.10. This represents a 98.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. Insiders sold 280,676 shares of company stock worth $273,515,672 in the last quarter. 1.76% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NFLX. Seaport Res Ptn upgraded shares of Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Evercore ISI increased their target price on shares of Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group lifted their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and increased their price objective for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. Finally, Bank of America boosted their target price 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. Ten equities 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $1,023.74.

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.