Dfpg Investments LLC Cuts Stake in Netflix, Inc. (NASDAQ:NFLX)

Dfpg Investments LLC reduced its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 25.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,590 shares of the Internet television network’s stock after selling 1,881 shares during the quarter. Dfpg Investments LLC’s holdings in Netflix were worth $2,629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Netflix by 4.3% during the second quarter. BlackRock Inc. now owns 29,911,686 shares of the Internet television network’s stock valued at $13,175,799,000 after buying an additional 1,240,512 shares during the last quarter. State Street Corp grew its holdings in shares of Netflix by 3.1% during the second quarter. State Street Corp now owns 16,699,906 shares of the Internet television network’s stock valued at $7,356,142,000 after buying an additional 504,416 shares during the last quarter. Capital World Investors grew its holdings in shares of Netflix by 2.5% during the second quarter. Capital World Investors now owns 11,431,257 shares of the Internet television network’s stock valued at $5,035,234,000 after buying an additional 274,584 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Netflix by 2.2% during the second quarter. Geode Capital Management LLC now owns 8,390,820 shares of the Internet television network’s stock valued at $3,685,218,000 after buying an additional 182,849 shares during the last quarter. Finally, Morgan Stanley grew its holdings in shares of Netflix by 11.1% during the fourth quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock valued at $1,906,005,000 after buying an additional 644,162 shares during the last quarter. 79.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on NFLX shares. Robert W. Baird boosted their price objective on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Pivotal Research boosted their target price on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Bank of America boosted their target price on shares of Netflix from $585.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Finally, Barclays boosted their target price on shares of Netflix from $375.00 to $475.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $565.61.

Read Our Latest Analysis on Netflix

Insider Activity

In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider David A. Hyman sold 267 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders sold a total of 298,003 shares of company stock valued at $162,647,852 in the last 90 days. Company insiders own 2.45% of the company’s stock.

Netflix Stock Down 1.2 %

Shares of NASDAQ NFLX opened at $605.88 on Monday. Netflix, Inc. has a 12-month low of $293.54 and a 12-month high of $624.42. The stock has a market cap of $262.20 billion, a PE ratio of 50.45, a P/E/G ratio of 1.65 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $559.73 and a 200 day moving average of $477.80.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The firm had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. During the same period last year, the company earned $0.12 EPS. The business’s quarterly revenue was up 12.5% on a year-over-year basis. As a group, sell-side analysts predict that Netflix, Inc. will post 17.03 EPS for the current fiscal year.

About Netflix

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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