Syon Capital LLC Sells 382 Shares of Netflix, Inc. (NASDAQ:NFLX)

Syon Capital LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 4,491 shares of the Internet television network's stock after selling 382 shares during the period. Syon Capital LLC's holdings in Netflix were worth $4,003,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. raised its stake in Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock worth $1,200,485,000 after acquiring an additional 198,148 shares during the period. McIlrath & Eck LLC grew its holdings in shares of Netflix by 13.8% during the third quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network's stock valued at $175,000 after purchasing an additional 30 shares during the last quarter. Advisory Resource Group raised its position in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network's stock worth $1,238,000 after purchasing an additional 12 shares during the period. Virtu Financial LLC lifted its holdings in shares of Netflix by 356.5% in the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network's stock worth $9,844,000 after purchasing an additional 10,839 shares during the last quarter. Finally, SOA Wealth Advisors LLC. boosted its position in Netflix by 1.2% during the 3rd quarter. SOA Wealth Advisors LLC. now owns 1,515 shares of the Internet television network's stock valued at $1,075,000 after purchasing an additional 18 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 25,360 shares of the company's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the transaction, the chairman now directly owns 394 shares in the company, valued at $362,933.10. This represents a 98.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 273,855 shares of company stock worth $267,474,816 over the last ninety days. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

NFLX has been the topic of a number of recent research reports. Loop Capital reiterated a "hold" rating on shares of Netflix in a research note on Monday, March 24th. Wells Fargo & Company boosted their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an "overweight" rating in a research note on Monday. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a report on Thursday, January 23rd. Canaccord Genuity Group raised their target price on Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research report on Monday. Finally, Argus boosted their price target on Netflix from $840.00 to $1,040.00 and gave the stock a "buy" rating in a research report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Netflix currently has an average rating of "Moderate Buy" and an average target price of $1,070.65.

Netflix Stock Performance

Shares of NFLX opened at $1,096.87 on Friday. The company has a market capitalization of $469.19 billion, a PE ratio of 55.31, a PEG ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company's 50 day moving average price is $954.61 and its 200 day moving average price is $901.03. Netflix, Inc. has a 52 week low of $544.25 and a 52 week high of $1,101.00.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $10.51 billion. During the same quarter last year, the firm earned $8.28 earnings per share. Research analysts expect 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.