Venator Management LLC Has $32.32 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Venator Management LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 36,264 shares of the Internet television network's stock after selling 2,280 shares during the period. Netflix accounts for approximately 9.3% of Venator Management LLC's holdings, making the stock its 5th biggest position. Venator Management LLC's holdings in Netflix were worth $32,323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Principal Financial Group Inc. grew its position in Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network's stock worth $1,200,485,000 after purchasing an additional 198,148 shares during the last quarter. Tradition Wealth Management LLC boosted its position in shares of Netflix by 11.1% during the third quarter. Tradition Wealth Management LLC now owns 859 shares of the Internet television network's stock worth $609,000 after buying an additional 86 shares during the period. Cobblestone Capital Advisors LLC NY increased its position in Netflix by 5.6% in the 3rd quarter. Cobblestone Capital Advisors LLC NY now owns 681 shares of the Internet television network's stock valued at $483,000 after acquiring an additional 36 shares during the period. Erste Asset Management GmbH acquired a new stake in Netflix in the 3rd quarter valued at approximately $145,252,000. Finally, Mark Sheptoff Financial Planning LLC raised its stake in Netflix by 776.3% during the 3rd quarter. Mark Sheptoff Financial Planning LLC now owns 333 shares of the Internet television network's stock valued at $236,000 after acquiring an additional 295 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

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Insider Buying and Selling

In other news, Director Strive Masiyiwa sold 2,813 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock worth $279,611,567 in the last ninety days. Corporate insiders own 1.76% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NFLX. KeyCorp raised their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a report on Wednesday, January 22nd. Robert W. Baird increased their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Morgan Stanley upped their target price on Netflix from $1,050.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Citigroup boosted their price objective on Netflix from $725.00 to $920.00 and gave the stock a "neutral" rating in a research note on Thursday, December 5th. Finally, Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and upped their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $1,021.02.

Netflix Trading Down 0.4 %

Shares of NASDAQ:NFLX traded down $4.15 during mid-day trading on Tuesday, hitting $928.38. The company had a trading volume of 3,514,962 shares, compared to its average volume of 3,587,057. The company has a market capitalization of $397.12 billion, a PE ratio of 46.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm has a fifty day moving average price of $973.23 and a 200 day moving average price of $871.15. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts' consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same period in the previous year, the company posted $2.11 EPS. The firm's revenue was up 16.0% compared to the same quarter last year. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.