Altshuler Shaham Ltd Sells 1,970 Shares of Netflix, Inc. (NASDAQ:NFLX)

Altshuler Shaham Ltd trimmed its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 53.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,683 shares of the Internet television network’s stock after selling 1,970 shares during the period. Altshuler Shaham Ltd’s holdings in Netflix were worth $1,500,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its position in Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after buying an additional 198,148 shares during the last quarter. M&T Bank Corp raised its stake in shares of Netflix by 4.2% in the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares during the period. McIlrath & Eck LLC boosted its stake in shares of Netflix by 13.8% during the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network’s stock worth $175,000 after purchasing an additional 30 shares during the period. Advisory Resource Group boosted its stake in shares of Netflix by 0.7% during the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after purchasing an additional 12 shares during the period. Finally, Virtu Financial LLC grew its holdings in Netflix by 356.5% during the 3rd quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network’s stock valued at $9,844,000 after purchasing an additional 10,839 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Insider Activity at Netflix

In other Netflix news, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. This represents a 98.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on NFLX. Moffett Nathanson upgraded Netflix from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $850.00 to $1,100.00 in a report on Monday, March 17th. Evercore ISI lifted their target price on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. JPMorgan Chase & Co. decreased their price objective on shares of Netflix from $1,150.00 to $1,025.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Loop Capital restated a “hold” rating on shares of Netflix in a research note on Monday, March 24th. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.31.

Netflix Stock Performance

Shares of NFLX stock opened at $961.63 on Thursday. The stock has a market cap of $411.34 billion, a PE ratio of 48.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The business has a 50-day simple moving average of $956.66 and a 200-day simple moving average of $888.16. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.11 EPS. On average, equities analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

About Netflix

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.