Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 13.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,236,991 shares of the Internet television network's stock after selling 660,398 shares during the quarter. Netflix comprises about 0.7% of Wellington Management Group LLP's portfolio, making the stock its 24th biggest holding. Wellington Management Group LLP owned approximately 0.99% of Netflix worth $3,776,515,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Pathway Financial Advisers LLC raised its position in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the period. Newton One Investments LLC purchased a new position in Netflix in the fourth quarter worth approximately $34,000. Pineridge Advisors LLC increased 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 valued at $37,000 after purchasing an additional 40 shares during the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Netflix during the 3rd quarter worth $38,000. Finally, Princeton Global Asset Management LLC grew its stake in shares of Netflix by 51.6% during the fourth 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 in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFLX. Bank of America increased their price objective on Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. The Goldman Sachs Group upped their target price on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a report on Wednesday, January 22nd. Moffett Nathanson upgraded shares of Netflix from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $850.00 to $1,100.00 in a research note on Monday, March 17th. Finally, Loop Capital reissued a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Ten equities 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 stock. Based on data from MarketBeat, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,021.02.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 288,583 shares of company stock worth $279,611,567. 1.76% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $4.15 during trading on Tuesday, hitting $928.38. 3,514,962 shares of the stock were exchanged, compared to its average volume of 3,587,055. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a market cap of $397.12 billion, a PE ratio of 46.82, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a fifty day moving average price of $973.23 and a two-hundred day moving average price of $871.15. 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 posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating 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%. Netflix's revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.11 earnings per share. On average, 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.