Netflix, Inc. (NFLX) is Birinyi Associates Inc.’s 10th Largest Position

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Birinyi Associates Inc. lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 25.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,650 shares of the Internet television network’s stock after selling 4,700 shares during the quarter. Netflix makes up about 2.1% of Birinyi Associates Inc.’s holdings, making the stock its 10th largest position. Birinyi Associates Inc.’s holdings in Netflix were worth $4,867,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of NFLX. Versant Capital Management Inc increased its holdings in Netflix by 59.3% in the fourth quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock valued at $25,000 after buying an additional 35 shares during the last quarter. Clarfeld Financial Advisors LLC purchased a new position in Netflix in the fourth quarter valued at $27,000. Pearl River Capital LLC purchased a new position in Netflix in the fourth quarter valued at $30,000. NuWave Investment Management LLC increased its holdings in Netflix by 338.5% in the fourth quarter. NuWave Investment Management LLC now owns 114 shares of the Internet television network’s stock valued at $31,000 after buying an additional 88 shares during the last quarter. Finally, Citizens Financial Group Inc RI increased its holdings in Netflix by 750.0% in the fourth quarter. Citizens Financial Group Inc RI now owns 136 shares of the Internet television network’s stock valued at $36,000 after buying an additional 120 shares during the last quarter. 75.16% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on NFLX shares. Buckingham Research lowered Netflix from a “buy” rating to a “neutral” rating and set a $382.00 target price on the stock. in a report on Friday, March 8th. Royal Bank of Canada reissued a “buy” rating and issued a $480.00 target price on shares of Netflix in a report on Wednesday, March 20th. SunTrust Banks restated a “buy” rating and issued a $402.00 price objective on shares of Netflix in a research note on Wednesday, March 27th. UBS Group assumed coverage on shares of Netflix in a research note on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price objective for the company. Finally, Rosenblatt Securities assumed coverage on shares of Netflix in a research note on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price objective for the company. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $385.03.

In related news, CEO Reed Hastings sold 52,458 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $367.25, for a total transaction of $19,265,200.50. Following the completion of the transaction, the chief executive officer now directly owns 52,458 shares of the company’s stock, valued at $19,265,200.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Anne M. Sweeney sold 1,649 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $370.00, for a total transaction of $610,130.00. Following the transaction, the director now directly owns 609 shares of the company’s stock, valued at $225,330. The disclosure for this sale can be found here. Insiders have sold 168,487 shares of company stock valued at $61,025,502 in the last quarter. Insiders own 4.29% of the company’s stock.

Shares of NFLX opened at $354.39 on Friday. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two week high of $423.21. The stock has a market cap of $154.95 billion, a PE ratio of 132.24, a price-to-earnings-growth ratio of 3.54 and a beta of 1.33. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.19. Netflix had a net margin of 7.61% and a return on equity of 24.75%. The business had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. During the same quarter in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 3.33 EPS for the current year.

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Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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