J. L. Bainbridge & Co. Inc. Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

J. L. Bainbridge & Co. Inc. trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 526 shares of the Internet television network’s stock after selling 13 shares during the period. J. L. Bainbridge & Co. Inc.’s holdings in Netflix were worth $468,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of NFLX. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at about $25,000. Pathway Financial Advisers LLC raised its stake in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares during the last quarter. Newton One Investments LLC bought a new position in shares of Netflix during the fourth quarter valued at about $34,000. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter valued at about $37,000. Finally, Pineridge Advisors LLC raised its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 40 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on NFLX shares. Robert W. Baird increased their price target on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and increased their price target for the stock from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Evercore ISI increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Citigroup increased their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Ten investment 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,014.26.

Insiders Place Their Bets

In other news, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,624,746.55. The trade was a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 288,103 shares of company stock worth $279,142,041. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 3.1 %

NFLX opened at $918.00 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a market capitalization of $392.68 billion, a PE ratio of 46.29, a PEG ratio of 2.12 and a beta of 1.38. The firm’s 50 day simple moving average is $951.04 and its two-hundred day simple moving average is $847.68.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping 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 the consensus estimate of $10.14 billion. During the same period last year, the firm earned $2.11 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.