Texas Permanent School Fund Corp Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

Texas Permanent School Fund Corp decreased its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 1.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 91,571 shares of the Internet television network’s stock after selling 1,651 shares during the period. Texas Permanent School Fund Corp’s holdings in Netflix were worth $34,577,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC purchased a new stake in shares of Netflix in the third quarter valued at $25,000. Carmel Capital Partners LLC lifted its position in shares of Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Evermay Wealth Management LLC lifted its position in shares of Netflix by 94.9% in the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock valued at $40,000 after acquiring an additional 56 shares in the last quarter. Resurgent Financial Advisors LLC purchased a new stake in shares of Netflix in the fourth quarter valued at $42,000. Finally, KB Financial Partners LLC lifted its position in shares of Netflix by 108.5% in the second quarter. KB Financial Partners LLC now owns 98 shares of the Internet television network’s stock valued at $43,000 after acquiring an additional 51 shares in the last quarter. Institutional investors and hedge funds own 79.95% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 24th. DZ Bank upgraded Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a research report on Thursday, January 25th. Rosenblatt Securities increased their target price on Netflix from $400.00 to $404.00 and gave the stock a “neutral” rating in a research report on Thursday, October 19th. Evercore ISI increased their target price on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Finally, Sanford C. Bernstein increased their target price on Netflix from $390.00 to $490.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $553.33.

Check Out Our Latest Stock Analysis on NFLX

Insider Activity

In other news, Director Richard N. Barton sold 6,842 shares of Netflix stock in a transaction on Monday, December 11th. The stock was sold at an average price of $459.36, for a total transaction of $3,142,941.12. Following the transaction, the director now owns 152 shares in the company, valued at $69,822.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard N. Barton sold 6,842 shares of Netflix stock in a transaction on Monday, December 11th. The shares were sold at an average price of $459.36, for a total value of $3,142,941.12. Following the sale, the director now directly owns 152 shares of the company’s stock, valued at approximately $69,822.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 199,034 shares of company stock worth $105,092,630. 2.45% of the stock is owned by corporate insiders.

Netflix Price Performance

Shares of NASDAQ NFLX traded down $0.77 during mid-day trading on Thursday, reaching $558.53. The company had a trading volume of 3,174,156 shares, compared to its average volume of 6,209,423. 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 stock has a market cap of $241.71 billion, a PE ratio of 46.61, a P/E/G ratio of 1.51 and a beta of 1.22. The company has a 50-day moving average price of $496.71 and a two-hundred day moving average price of $445.85. Netflix, Inc. has a 1-year low of $285.33 and a 1-year high of $579.64.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. During the same quarter in the prior year, the firm posted $0.12 EPS. The business’s quarterly revenue was up 12.5% compared to the same quarter last year. On average, equities analysts anticipate that Netflix, Inc. will post 16.93 earnings per share for the current year.

About Netflix

(Free Report)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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