Gulf International Bank UK Ltd Cuts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Gulf International Bank UK Ltd decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.1% in the fourth quarter, Holdings Channel reports. The institutional investor owned 33,660 shares of the Internet television network’s stock after selling 376 shares during the quarter. Netflix accounts for about 0.8% of Gulf International Bank UK Ltd’s holdings, making the stock its 20th biggest position. Gulf International Bank UK Ltd’s holdings in Netflix were worth $30,001,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the third quarter worth approximately $25,000. Pathway Financial Advisers LLC boosted its stake in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. Newton One Investments LLC purchased a new position in shares of Netflix in the fourth quarter worth $34,000. Finally, MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter valued at $37,000. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling 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 transaction of $2,835,138.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the sale, the director now owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 303,220 shares of company stock valued at $289,856,164. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on NFLX shares. Citigroup upped their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Loop Capital raised their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Macquarie raised their price target on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Netflix has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Trading Up 1.3 %

Netflix stock opened at $990.06 on Thursday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The stock has a market cap of $423.51 billion, a PE ratio of 49.93, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a 50-day moving average of $945.07 and a two-hundred day moving average of $827.46.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the firm posted $2.11 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.