First Horizon Advisors Inc. Sells 193 Shares of Netflix, Inc. (NASDAQ:NFLX)

First Horizon Advisors Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,794 shares of the Internet television network’s stock after selling 193 shares during the period. First Horizon Advisors Inc.’s holdings in Netflix were worth $1,599,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NFLX. State Street Corp grew its stake in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the period. Strategic Financial Concepts LLC lifted its holdings in shares of Netflix by 112,896.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock worth $340,420,000 after purchasing an additional 381,590 shares in the last quarter. Jennison Associates LLC grew its position in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after purchasing an additional 316,594 shares during the period. Westfield Capital Management Co. LP bought a new stake in Netflix during the 3rd quarter valued at $222,871,000. Finally, AustralianSuper Pty Ltd raised its holdings in Netflix by 12,243.4% during the third quarter. AustralianSuper Pty Ltd now owns 290,071 shares of the Internet television network’s stock worth $205,739,000 after buying an additional 287,721 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of the company’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on NFLX shares. Phillip Securities cut shares of Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Argus lifted their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and increased their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Trading Down 2.1 %

Shares of NFLX stock opened at $1,003.15 on Monday. The stock has a market capitalization of $429.10 billion, a price-to-earnings ratio of 50.59, a PEG ratio of 2.12 and a beta of 1.27. The company’s fifty day simple moving average is $940.55 and its two-hundred day simple moving average is $821.37. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the previous year, the business earned $2.11 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Netflix Company 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.