Bryn Mawr Capital Management LLC Lowers Position in Netflix, Inc. (NASDAQ:NFLX)

Bryn Mawr Capital Management LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,934 shares of the Internet television network’s stock after selling 896 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Netflix were worth $2,402,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of NFLX. Jennison Associates LLC grew its stake in Netflix by 40.6% during the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after buying an additional 1,573,978 shares during the period. Northern Trust Corp boosted its position in Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after purchasing an additional 96,938 shares during the period. Clearbridge Investments LLC boosted its position in Netflix by 5.3% during the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after purchasing an additional 139,165 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Netflix by 0.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock valued at $903,834,000 after purchasing an additional 14,364 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after purchasing an additional 2,061,859 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a “hold” rating and issued a $585.00 target price (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. Jefferies Financial Group increased their price objective on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. Citigroup boosted their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Canaccord Genuity Group lowered shares of Netflix from a “buy” rating to a “hold” rating and lowered their price target for the company from $720.00 to $585.00 in a report on Friday, April 19th. Finally, TD Cowen raised their price target on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a report on Monday, April 8th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $630.58.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Netflix news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 154,573 shares of company stock worth $89,548,241. Insiders own 2.45% of the company’s stock.

Netflix Stock Performance

NASDAQ NFLX traded down $3.57 on Friday, hitting $561.23. The stock had a trading volume of 4,328,174 shares, compared to its average volume of 4,516,832. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market cap of $241.83 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 1.36 and a beta of 1.22. The company’s 50-day moving average is $604.54 and its two-hundred day moving average is $519.46.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the prior year, the firm earned $2.88 EPS. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. On average, analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current year.

About Netflix

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.