Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Slow Capital Inc.

Slow Capital Inc. cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,201 shares of the Internet television network's stock after selling 819 shares during the period. Netflix makes up 3.7% of Slow Capital Inc.'s portfolio, making the stock its 6th biggest position. Slow Capital Inc.'s holdings in Netflix were worth $26,027,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network's stock valued at $34,000 after buying an additional 42 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in Netflix in the fourth quarter worth about $43,000. MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter worth about $37,000. Finally, FSA Wealth Management LLC purchased a new position in Netflix in the third quarter worth about $38,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 0.0 %

Netflix stock traded down $0.06 during mid-day trading on Tuesday, hitting $971.83. The company's stock had a trading volume of 3,427,425 shares, compared to its average volume of 4,701,228. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The stock's fifty day moving average is $897.63 and its two-hundred day moving average is $770.43. The firm has a market capitalization of $415.42 billion, a PE ratio of 49.01, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56.

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, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the business posted $2.11 earnings per share. The company's quarterly revenue was up 16.0% on a year-over-year basis. On average, analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current year.

Analyst Upgrades and Downgrades

NFLX has been the topic of several research reports. Barclays raised Netflix from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. TD Cowen raised their price objective on Netflix from $820.00 to $835.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective on the stock in a research note on Thursday, January 23rd. Finally, Jefferies Financial Group raised their price objective on Netflix from $780.00 to $800.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Ten equities 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,021.70.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated 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 sale, the director now owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,117 shares of company stock worth $123,913,691. Company insiders own 1.76% of the company's stock.

About Netflix

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.