Securian Asset Management Inc. Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Securian Asset Management Inc. lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,974 shares of the Internet television network's stock after selling 763 shares during the period. Netflix makes up approximately 0.6% of Securian Asset Management Inc.'s investment portfolio, making the stock its 29th biggest position. Securian Asset Management Inc.'s holdings in Netflix were worth $20,477,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Truvestments Capital LLC raised its stake in shares of Netflix by 5.0% during the fourth quarter. Truvestments Capital LLC now owns 356 shares of the Internet television network's stock valued at $317,000 after acquiring an additional 17 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Netflix by 1.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,445 shares of the Internet television network's stock worth $3,962,000 after purchasing an additional 65 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in Netflix by 14.3% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,074 shares of the Internet television network's stock worth $12,545,000 after purchasing an additional 1,758 shares during the last quarter. Warwick Investment Management Inc. grew its holdings in Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares during the last quarter. Finally, Summit X LLC grew its holdings in Netflix by 5.7% in the fourth quarter. Summit X LLC now owns 710 shares of the Internet television network's stock worth $632,000 after purchasing an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the sale, the chairman now directly owns 114 shares in the company, valued at $101,241.12. This represents a 99.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of research analyst reports. Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective on the stock in a report on Thursday, January 23rd. Barclays raised shares of Netflix from an "underweight" rating to an "equal weight" rating and boosted their price objective for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. Rosenblatt Securities raised shares of Netflix from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Loop Capital boosted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the company a "hold" rating in a research report on Wednesday, January 22nd. Finally, Macquarie boosted their target price on shares of Netflix from $965.00 to $1,150.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,014.26.

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Netflix Stock Up 3.3 %

Shares of NASDAQ NFLX opened at $895.10 on Wednesday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The stock has a market cap of $382.89 billion, a PE ratio of 45.14, a P/E/G ratio of 2.12 and a beta of 1.38. 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 of $949.66 and a 200 day moving average of $845.26.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating 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 business had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 EPS. The business's revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts predict 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.

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