Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Trimmed by Gardner Russo & Quinn LLC

Gardner Russo & Quinn LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 13.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 632,773 shares of the Internet television network’s stock after selling 99,065 shares during the quarter. Netflix comprises 6.4% of Gardner Russo & Quinn LLC’s holdings, making the stock its 6th largest position. Gardner Russo & Quinn LLC’s holdings in Netflix were worth $564,003,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pathway Financial Advisers LLC lifted 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 worth $27,000 after buying an additional 14 shares during the period. Newton One Investments LLC purchased a new stake in shares of Netflix in the fourth quarter worth about $34,000. Pineridge Advisors LLC boosted its position in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Netflix during the third quarter valued at $38,000. Finally, Princeton Global Asset Management LLC grew its position in shares of Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 16 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $933.85 on Friday. The firm has a 50-day simple moving average of $971.74 and a two-hundred day simple moving average of $866.75. The stock has a market cap of $399.46 billion, a PE ratio of 47.09, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results 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 during 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 company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the business posted $2.11 earnings per share. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling at Netflix

In related news, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. This trade represents a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 288,583 shares of company stock valued at $279,611,567 in the last three months. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on NFLX. The Goldman Sachs Group upped their price target on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. KeyCorp increased their target price on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Loop Capital reissued a “hold” rating on shares of Netflix in a research note on Monday. Needham & Company LLC upped their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their target price 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-seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.02.

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.