Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Cut by SRS Investment Management LLC

SRS Investment Management LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,034,454 shares of the Internet television network's stock after selling 47,057 shares during the quarter. Netflix accounts for approximately 25.8% of SRS Investment Management LLC's investment portfolio, making the stock its largest holding. SRS Investment Management LLC owned approximately 0.48% of Netflix worth $1,813,350,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. West Michigan Advisors LLC grew its stake in shares of Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after acquiring an additional 10 shares during the last quarter. Warwick Investment Management Inc. boosted its stake in Netflix by 3.5% in the 4th 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 in the last quarter. MRP Capital Investments LLC grew its position in Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock worth $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC increased its stake in Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after purchasing an additional 10 shares in the last quarter. Finally, Enzi Wealth raised its holdings in shares of Netflix by 3.4% in the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after buying an additional 11 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 424 shares of Netflix stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $994.63, for a total value of $421,723.12. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $31,440,254.30. This represents a 1.32 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 273,855 shares of company stock valued at $267,474,816. Corporate insiders own 1.76% of the company's stock.

Netflix Price Performance

Shares of Netflix stock traded up $4.66 during mid-day trading on Friday, reaching $1,101.53. 3,943,704 shares of the stock traded hands, compared to its average volume of 3,711,134. The stock has a market capitalization of $471.19 billion, a PE ratio of 55.55, a PEG ratio of 2.12 and a beta of 1.55. The business has a 50-day moving average of $954.61 and a 200 day moving average of $901.03. Netflix, Inc. has a fifty-two week low of $544.25 and a fifty-two week high of $1,105.89. 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 Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the prior year, the company earned $8.28 EPS. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on NFLX. KeyCorp boosted their price objective on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an "overweight" rating in a report on Monday. Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday. Pivotal Research reissued a "buy" rating and issued a $1,350.00 price objective (up from $1,250.00) on shares of Netflix in a report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a report on Wednesday, January 22nd. Finally, Canaccord Genuity Group increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock a "buy" rating in a report on Monday. Ten 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $1,072.12.

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.