Sienna Gestion Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Sienna Gestion decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 93.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,494 shares of the Internet television network's stock after selling 21,479 shares during the period. Sienna Gestion's holdings in Netflix were worth $1,331,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NFLX. Pathway Financial Advisers LLC grew its position in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter worth about $25,000. Newton One Investments LLC acquired a new stake in shares of Netflix in the 4th quarter valued at approximately $34,000. Pineridge Advisors LLC grew its holdings 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 valued at $37,000 after purchasing an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its position in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 288,103 shares of company stock valued at $279,142,041. Company insiders own 1.76% of the company's stock.

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Netflix Stock Up 3.1 %

NASDAQ NFLX traded up $27.83 on Friday, hitting $918.00. 5,195,964 shares of the company were exchanged, compared to its average volume of 3,421,583. 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 market cap of $392.68 billion, a PE ratio of 46.29, a PEG ratio of 2.12 and a beta of 1.38. The stock has a fifty day moving average of $951.04 and a 200-day moving average of $847.68. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

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

Analyst Ratings Changes

A number of brokerages have weighed in on NFLX. Canaccord Genuity Group upgraded shares of Netflix from a "hold" rating to a "buy" rating and raised their target price for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and raised their price objective for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. Oppenheimer upped 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. Robert W. Baird increased their target price on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Wedbush restated an "outperform" rating and set a $1,150.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,014.26.

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.