Netflix, Inc. (NASDAQ:NFLX) Shares Sold by River Global Investors LLP

River Global Investors LLP lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 44.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,797 shares of the Internet television network's stock after selling 2,221 shares during the quarter. River Global Investors LLP's holdings in Netflix were worth $2,494,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the 3rd quarter valued at approximately $25,000. Pathway Financial Advisers LLC increased its position in shares of Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Newton One Investments LLC bought a new position in shares of Netflix during the 4th quarter valued at approximately $34,000. MidAtlantic Capital Management Inc. bought a new position in Netflix in the 3rd quarter valued at $37,000. Finally, Pineridge Advisors LLC grew its position in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NFLX shares. Sanford C. Bernstein raised Netflix from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Citigroup upped their price objective on Netflix from $725.00 to $920.00 and gave the company a "neutral" rating in a research report on Thursday, December 5th. StockNews.com downgraded Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Arete Research raised Netflix to a "hold" rating in a research report on Thursday, January 23rd. Finally, Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $1,021.70.

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Insider Activity

In other news, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction dated Thursday, January 30th. The stock was 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 directly owns 12,950 shares of the company's stock, valued at approximately $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 288,103 shares of company stock valued at $279,142,041. Company insiders own 1.76% of the company's stock.

Netflix Stock Down 1.7 %

Netflix stock traded down $15.25 during midday trading on Friday, reaching $891.11. The company's stock had a trading volume of 7,733,383 shares, compared to its average volume of 3,352,894. The stock's 50-day simple moving average is $950.26 and its 200-day simple moving average is $841.52. 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, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The stock has a market capitalization of $381.18 billion, a P/E ratio of 44.94, a PEG ratio of 2.12 and a beta of 1.38.

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

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.