NorthRock Partners LLC Trims Holdings in Netflix, Inc. (NASDAQ:NFLX)

NorthRock Partners LLC cut its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,322 shares of the Internet television network’s stock after selling 642 shares during the period. NorthRock Partners LLC’s holdings in Netflix were worth $2,104,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its holdings in Netflix by 15,039.1% in 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 acquiring an additional 2,061,859 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares during the period. Alecta Tjanstepension Omsesidigt grew its stake in Netflix by 171.4% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after buying an additional 300,000 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Netflix in the third quarter valued at $99,219,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Up 1.7 %

Shares of NASDAQ NFLX traded up $10.58 during mid-day trading on Friday, reaching $621.10. The company had a trading volume of 3,782,708 shares, compared to its average volume of 4,397,802. The stock has a market capitalization of $267.69 billion, a PE ratio of 43.10, a price-to-earnings-growth ratio of 1.48 and a beta of 1.23. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $639.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The stock’s 50 day moving average is $604.12 and its 200-day moving average is $541.35.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the business earned $2.88 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. As a group, equities analysts anticipate that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NFLX. Sanford C. Bernstein increased their price objective on shares of Netflix from $490.00 to $600.00 and gave the stock a “market perform” rating in a report on Friday, April 19th. Rosenblatt Securities boosted their price objective on Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a research report on Friday. Robert W. Baird increased their price objective on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Wells Fargo & Company lifted their target price on Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research note on Friday, April 19th. Finally, Macquarie increased their price target on Netflix from $595.00 to $685.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $630.53.

Check Out Our Latest Stock Analysis on NFLX

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 564 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $613.08, for a total value of $345,777.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Chairman Reed Hastings sold 18,361 shares of Netflix stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 564 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $613.08, for a total transaction of $345,777.12. The disclosure for this sale can be found here. Insiders sold 78,039 shares of company stock valued at $46,401,083 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Profile

(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.

See Also

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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