Rockefeller Capital Management L.P. Increases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Rockefeller Capital Management L.P. boosted its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 114,954 shares of the Internet television network's stock after purchasing an additional 3,565 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Netflix were worth $102,080,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC grew its holdings 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 valued at $27,000 after buying an additional 14 shares during the last quarter. Newton One Investments LLC purchased a new stake in shares of Netflix in the 4th quarter worth $34,000. Pineridge Advisors LLC lifted its stake in shares of Netflix by 4,000.0% during 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 raised its stake 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 buying an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new position in shares of Netflix in the 4th quarter valued at $43,000. Hedge funds and other institutional investors own 80.93% of the company's stock.

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Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares in the company, 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 SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the completion of the sale, the insider now owns 31,610 shares of the company's stock, valued at $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NFLX. Macquarie boosted their target price on shares of Netflix from $965.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Morgan Stanley increased their target price on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an "overweight" rating in a research report on Wednesday, January 22nd. Phillip Securities cut Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. StockNews.com downgraded shares of Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Bank of America lifted their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Ten investment 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. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,021.31.

Netflix Stock Down 0.2 %

NFLX traded down $2.00 during trading on Wednesday, hitting $974.28. 3,071,927 shares of the company's stock were exchanged, compared to its average volume of 4,703,939. The stock has a market cap of $416.76 billion, a P/E ratio of 49.13, a PEG ratio of 2.12 and a beta of 1.55. The business's 50 day moving average is $957.71 and its two-hundred day moving average is $887.65. 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 quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

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