American Trust Investment Advisors LLC Reduces Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

American Trust Investment Advisors LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 80.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,542 shares of the Internet television network’s stock after selling 6,182 shares during the quarter. American Trust Investment Advisors LLC’s holdings in Netflix were worth $751,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Capital World Investors boosted its holdings in shares of Netflix by 0.7% in the fourth quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after acquiring an additional 78,320 shares during the period. Jennison Associates LLC grew its position in Netflix by 40.6% during 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. Norges Bank acquired a new position in Netflix in the fourth quarter valued at $2,558,598,000. Northern Trust Corp raised its holdings in shares of Netflix by 2.1% in the third quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after buying an additional 96,938 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of Netflix by 1.9% during the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after buying an additional 78,298 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

NFLX stock traded up $9.79 during trading on Tuesday, hitting $650.61. The stock had a trading volume of 2,917,210 shares, compared to its average volume of 4,294,512. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $650.88. The stock has a market cap of $280.41 billion, a price-to-earnings ratio of 44.79, a price-to-earnings-growth ratio of 1.50 and a beta of 1.23. The company’s 50 day moving average price is $604.92 and its two-hundred day moving average price is $544.64. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating 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 business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the prior year, the firm posted $2.88 earnings per share. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts forecast that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 78,039 shares of company stock valued at $46,401,083 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on NFLX shares. Sanford C. Bernstein upped their price objective on Netflix from $490.00 to $600.00 and gave the company a “market perform” rating in a research note on Friday, April 19th. Rosenblatt Securities increased their price target on Netflix from $540.00 to $554.00 and gave the stock a “neutral” rating in a report on Friday. UBS Group boosted their price objective on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a research note on Thursday, January 25th. Finally, Oppenheimer reiterated an “outperform” rating and set a $725.00 price target on shares of Netflix in a research note on Friday, April 19th. One 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $630.53.

Get Our Latest Stock Report on Netflix

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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