Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 114,239 shares of the Internet television network's stock after selling 5,127 shares during the period. Netflix comprises approximately 0.9% of Teachers Retirement System of The State of Kentucky's portfolio, making the stock its 11th largest position. Teachers Retirement System of The State of Kentucky's holdings in Netflix were worth $101,824,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC lifted its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock worth $27,000 after buying an additional 14 shares in the last quarter. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $32,000. Newton One Investments LLC purchased a new position in Netflix in the fourth quarter valued at $34,000. Pineridge Advisors LLC grew its stake in 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 in the last quarter. Finally, Princeton Global Asset Management LLC increased its holdings in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock worth $42,000 after purchasing an additional 16 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of recent research reports. Robert W. Baird lifted their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 22nd. Evercore ISI boosted their target price on Netflix from $1,100.00 to $1,150.00 and gave the stock an "outperform" rating in a research note on Monday. Macquarie increased their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday. Benchmark restated a "hold" rating on shares of Netflix in a research report on Monday. Finally, Canaccord Genuity Group boosted their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a "buy" rating in a research report on Monday. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,070.65.

Netflix Price Performance

Shares of NASDAQ:NFLX traded up $48.82 during midday trading on Thursday, hitting $1,098.41. 4,272,056 shares of the stock were exchanged, compared to its average volume of 3,709,606. The stock has a market cap of $469.85 billion, a P/E ratio of 55.42, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a twelve month low of $544.25 and a twelve month high of $1,100.00. The company has a 50 day moving average price of $953.84 and a 200-day moving average price of $898.31. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the firm earned $8.28 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were 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, CEO Gregory K. Peters sold 102,228 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 273,855 shares of company stock valued at $267,474,816 over the last three months. 1.76% of the stock is currently owned by insiders.

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.