Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Denali Advisors LLC

Denali Advisors LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,181 shares of the Internet television network’s stock after selling 67 shares during the period. Netflix accounts for approximately 1.2% of Denali Advisors LLC’s investment portfolio, making the stock its 10th biggest holding. Denali Advisors LLC’s holdings in Netflix were worth $11,748,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. Nordea Investment Management AB grew its holdings in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Netflix by 1.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after purchasing an additional 29,726 shares during the period. Natixis Advisors LLC grew its stake in Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after buying an additional 11,921 shares during the last quarter. M&T Bank Corp increased its position in Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after buying an additional 1,684 shares during the period. Finally, Quilter Plc lifted its stake in Netflix by 8.2% in the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock valued at $128,133,000 after buying an additional 10,946 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX opened at $977.24 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $418.02 billion, a P/E ratio of 49.28, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The firm has a 50-day moving average price of $943.06 and a two-hundred day moving average price of $826.31. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NFLX. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. Morgan Stanley raised their price objective on shares of Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. KeyCorp upped their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Citigroup boosted their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insiders Place Their Bets

In related news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 303,220 shares of company stock valued at $289,856,164. Corporate insiders own 1.76% of the company’s stock.

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.