Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 439 shares of the Internet television network’s stock after selling 24 shares during the period. Rosenberg Matthew Hamilton’s holdings in Netflix were worth $391,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC boosted its holdings in Netflix by 99.1% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 1,802 shares of the Internet television network’s stock worth $1,216,000 after acquiring an additional 897 shares during the period. Redwood Wealth Management Group LLC purchased a new position in shares of Netflix in the second quarter valued at $145,000. Brown Brothers Harriman & Co. grew its holdings in Netflix by 11.6% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 4,142 shares of the Internet television network’s stock valued at $2,795,000 after purchasing an additional 431 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new stake in Netflix during the 2nd quarter worth $82,000. Finally, Angeles Investment Advisors LLC lifted its holdings in Netflix by 19.3% in the 2nd quarter. Angeles Investment Advisors LLC now owns 1,099 shares of the Internet television network’s stock worth $742,000 after buying an additional 178 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 0.3 %

Shares of NFLX stock opened at $840.29 on Tuesday. The firm has a market capitalization of $359.19 billion, a PE ratio of 47.55, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The stock has a fifty day moving average of $879.75 and a two-hundred day moving average of $754.88.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. As a group, research analysts expect that Netflix, Inc. will post 19.78 EPS for the current year.

Insider Activity at Netflix

In other news, CEO Theodore A. Sarandos sold 1,278 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total transaction of $980,289.90. Following the completion of the sale, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at $1,960,579.80. This represents a 33.33 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 156,742 shares of company stock valued at $131,030,268 over the last 90 days. 1.76% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. BMO Capital Markets restated an “outperform” rating and set a $825.00 target price (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Evercore ISI raised their price objective on Netflix from $775.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, December 2nd. Citigroup upped their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Loop Capital downgraded shares of Netflix from a “buy” rating to a “hold” rating and raised their price target for the stock from $800.00 to $950.00 in a research report on Monday, December 16th. Finally, Sanford C. Bernstein upped their price target on shares of Netflix from $625.00 to $780.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $832.94.

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.