River Global Investors LLP Trims Stake in Netflix, Inc. (NASDAQ:NFLX)

River Global Investors LLP cut its position in Netflix, Inc. (NASDAQ:NFLX) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,021 shares of the Internet television network’s stock after selling 448 shares during the quarter. River Global Investors LLP’s holdings in Netflix were worth $3,419,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC purchased a new stake in shares of Netflix in the third quarter valued at about $25,000. Spartan Planning & Wealth Management purchased a new stake in Netflix during the 3rd quarter valued at approximately $26,000. Carmel Capital Partners LLC lifted its position in Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares during the period. Blue Bell Private Wealth Management LLC grew its stake in shares of Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new position in shares of Netflix in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several recent research reports. Redburn Atlantic increased their price target on Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Needham & Company LLC upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price for the company in a research note on Friday, April 19th. KeyCorp boosted their price target on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 20th. CICC Research began coverage on shares of Netflix in a report on Thursday. They set an “outperform” rating and a $650.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Netflix Trading Up 2.5 %

Shares of Netflix stock traded up $14.19 during mid-day trading on Friday, hitting $579.34. 3,307,524 shares of the stock were exchanged, compared to its average volume of 4,520,712. The stock has a market capitalization of $249.67 billion, a price-to-earnings ratio of 40.20, a price-to-earnings-growth ratio of 1.37 and a beta of 1.23. Netflix, Inc. has a twelve month low of $317.95 and a twelve month high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The company has a 50-day simple moving average of $602.57 and a 200 day simple moving average of $526.33.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.88 earnings per share. Research analysts forecast that Netflix, Inc. will post 18.3 EPS for the current year.

Insider Activity

In related news, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The disclosure for this sale can be found here. Insiders sold a total of 152,833 shares of company stock valued at $88,270,051 over the last quarter. Company insiders own 1.76% of the company’s stock.

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.