Qtron Investments LLC Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Qtron Investments LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,713 shares of the Internet television network's stock after selling 660 shares during the quarter. Netflix makes up 0.7% of Qtron Investments LLC's investment portfolio, making the stock its 18th largest position. Qtron Investments LLC's holdings in Netflix were worth $5,092,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pathway Financial Advisers LLC lifted its holdings in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after acquiring an additional 14 shares during the last quarter. Newton One Investments LLC purchased a new position in shares of Netflix during the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC raised its position in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after buying an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Netflix in the 4th quarter worth $43,000. Institutional investors own 80.93% of the company's stock.

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Analysts Set New Price Targets

Several analysts have issued reports on the company. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Phillip Securities downgraded shares of Netflix from a "hold" rating to a "moderate sell" rating in a research note on Friday, January 24th. Oppenheimer lifted their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Finally, Guggenheim reiterated a "buy" rating and set a $1,100.00 price target on shares of Netflix in a report on Thursday, April 3rd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,021.31.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now owns 12,950 shares of the company's stock, valued at $12,700,583. This trade represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock valued at $267,919,297 over the last quarter. 1.76% of the stock is owned by company insiders.

Netflix Stock Down 0.2 %

Shares of NASDAQ:NFLX traded down $2.00 during trading on Wednesday, hitting $974.28. 3,071,927 shares of the company's stock traded hands, compared to its average volume of 3,708,565. The company has a market cap of $416.76 billion, a price-to-earnings ratio of 49.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 52 week low of $542.01 and a 52 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 company has a 50-day moving average price of $957.71 and a 200-day moving average price of $887.65.

Netflix (NASDAQ:NFLX - Get Free Report) last released 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 return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 earnings per share. Netflix's revenue was up 16.0% on a year-over-year basis. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.