Yousif Capital Management LLC Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Yousif Capital Management LLC lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,054 shares of the Internet television network's stock after selling 2,601 shares during the period. Netflix makes up about 0.5% of Yousif Capital Management LLC's portfolio, making the stock its 22nd largest holding. Yousif Capital Management LLC's holdings in Netflix were worth $46,397,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nordea Investment Management AB increased its stake in Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock valued at $760,918,000 after purchasing an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network's stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Natixis Advisors LLC raised its holdings in Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network's stock worth $434,398,000 after purchasing an additional 11,921 shares in the last quarter. M&T Bank Corp raised its holdings in Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network's stock worth $29,751,000 after purchasing an additional 1,684 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new position in Netflix during the 3rd quarter valued at approximately $1,517,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NFLX. Pivotal Research boosted their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Barclays raised shares of Netflix from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Phillip Securities lowered Netflix from a "hold" rating to a "moderate sell" rating in a research report on Friday, January 24th. Sanford C. Bernstein raised shares of Netflix from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, Arete Research upgraded shares of Netflix to a "hold" rating in a report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Netflix presently has an average rating of "Moderate Buy" and a consensus price target of $1,021.70.

Insider Buying and Selling at Netflix

In related news, Director Ann Mather sold 2,682 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 281,026 shares of company stock worth $267,211,135 over the last three months. Company insiders own 1.76% of the company's stock.

Netflix Stock Performance

Shares of NASDAQ NFLX traded up $16.24 during trading hours on Wednesday, hitting $1,011.11. 3,992,539 shares of the stock were exchanged, compared to its average volume of 4,524,439. The firm has a market capitalization of $432.51 billion, a P/E ratio of 50.99, a P/E/G ratio of 2.02 and a beta of 1.27. The company's 50 day moving average is $909.38 and its 200 day moving average is $784.44. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,011.83. 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 announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping 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 company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the company earned $2.11 EPS. The company's quarterly revenue was up 16.0% on a year-over-year basis. On average, research analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

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.