TD Asset Management Inc. Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

TD Asset Management Inc. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 575,367 shares of the Internet television network's stock after selling 15,287 shares during the period. TD Asset Management Inc. owned about 0.13% of Netflix worth $512,836,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the third quarter worth about $25,000. Pathway Financial Advisers LLC boosted its position in Netflix by 82.4% during the 4th 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 in the last quarter. Newton One Investments LLC purchased a new position in shares of Netflix in the 4th quarter valued at $34,000. Pineridge Advisors LLC lifted its stake 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 worth $37,000 after purchasing an additional 40 shares during the last quarter. Finally, FSA Wealth Management LLC bought a new stake in Netflix during the third quarter valued at about $38,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other Netflix 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 transaction, the chairman now directly 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 document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at $3,624,746.55. This trade represents a 41.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 288,103 shares of company stock valued at $279,142,041. Insiders own 1.76% of the company's stock.

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Analyst Ratings Changes

Several analysts have commented on NFLX shares. Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target for the company in a research report on Thursday, January 23rd. Loop Capital raised their price objective on Netflix from $925.00 to $1,000.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 15th. StockNews.com downgraded Netflix from a "buy" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, Sanford C. Bernstein raised Netflix from a "market perform" rating to an "outperform" rating and upped their target price for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average price target of $1,016.78.

Netflix Stock Up 2.6 %

NASDAQ NFLX traded up $25.29 during trading on Tuesday, reaching $997.28. 3,775,858 shares of the company's stock were exchanged, compared to its average volume of 3,487,108. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock has a market cap of $426.59 billion, a P/E ratio of 50.29, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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 has a 50 day moving average price of $965.09 and a two-hundred day moving average price of $863.43.

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 (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 earnings per share. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.