TIAA Trust National Association Sells 3,249 Shares of Netflix, Inc. (NASDAQ:NFLX)

TIAA Trust National Association decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 10.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 28,562 shares of the Internet television network's stock after selling 3,249 shares during the period. TIAA Trust National Association's holdings in Netflix were worth $25,458,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NFLX. Pathway Financial Advisers LLC raised its position in shares of 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. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth $25,000. Newton One Investments LLC acquired a new stake in shares of Netflix during the fourth quarter worth $34,000. Pineridge Advisors LLC lifted its position in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its holdings in shares of Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network's stock valued at $42,000 after buying an additional 16 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Jeffrey William Karbowski sold 480 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 30,485 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $981.92, for a total value of $29,933,831.20. Following the completion of the transaction, the chairman now directly owns 394 shares of the company's stock, valued at approximately $386,876.48. This trade represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 288,583 shares of company stock valued at $279,611,567. Insiders own 1.76% of the company's stock.

Remove Ads

Netflix Stock Performance

NASDAQ NFLX traded down $41.84 during trading on Friday, hitting $934.89. The company's stock had a trading volume of 2,459,082 shares, compared to its average volume of 3,576,420. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm has a market cap of $399.90 billion, a P/E ratio of 47.05, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The firm has a 50 day moving average price of $970.22 and a 200 day moving average price of $864.96. 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 released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts' expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.11 EPS. Equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on NFLX. Canaccord Genuity Group upgraded shares of Netflix from a "hold" rating to a "buy" rating and upped their price target for the stock from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. The Goldman Sachs Group boosted their price objective on Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 22nd. Moffett Nathanson upgraded Netflix from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $850.00 to $1,100.00 in a research report on Monday, March 17th. Rosenblatt Securities raised shares of Netflix from a "neutral" rating to a "buy" rating and increased their target price for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Finally, Pivotal Research lifted their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,021.02.

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.