Netflix, Inc. (NASDAQ:NFLX) Position Lessened by Sienna Gestion

Sienna Gestion lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 93.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,494 shares of the Internet television network's stock after selling 21,479 shares during the quarter. Sienna Gestion's holdings in Netflix were worth $1,331,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter worth approximately $25,000. Pathway Financial Advisers LLC grew its holdings in Netflix by 82.4% during the fourth 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 period. Newton One Investments LLC acquired a new position in Netflix during the fourth quarter worth $34,000. MidAtlantic Capital Management Inc. acquired a new position in Netflix during the third quarter worth $37,000. Finally, Pineridge Advisors LLC grew its holdings in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on NFLX shares. Robert W. Baird upped their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Oppenheimer upped their price objective on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. UBS Group reaffirmed a "buy" rating on shares of Netflix in a report on Monday, March 10th. Finally, Phillip Securities lowered Netflix from a "hold" rating to a "moderate sell" rating in a report on Friday, January 24th. Ten research 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $1,014.26.

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Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 35,868 shares of Netflix stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now owns 114 shares in the company, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm's stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Up 3.1 %

Shares of NFLX stock traded up $27.83 during trading hours on Friday, reaching $918.00. The company had a trading volume of 5,195,964 shares, compared to its average volume of 3,408,270. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a market capitalization of $392.68 billion, a P/E ratio of 46.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The stock's fifty day simple moving average is $951.04 and its 200 day simple moving average is $848.74.

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