Point72 Europe London LLP Has $9.29 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Point72 Europe London LLP lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 66.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,424 shares of the Internet television network’s stock after selling 20,576 shares during the quarter. Point72 Europe London LLP’s holdings in Netflix were worth $9,291,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC lifted its stake in Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after acquiring an additional 375,234 shares in the last quarter. Geode Capital Management LLC boosted its position in Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after acquiring an additional 175,596 shares during the period. Norges Bank purchased a new position in Netflix during the 4th quarter valued at about $5,019,087,000. Finally, Alliancebernstein L.P. increased its holdings in shares of Netflix by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock valued at $4,582,568,000 after purchasing an additional 82,564 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on NFLX. Wells Fargo & Company lifted their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. UBS Group dropped their target price on Netflix from $1,150.00 to $1,140.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. BMO Capital Markets restated an “outperform” rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Evercore ISI upped their target price on Netflix from $1,100.00 to $1,150.00 and gave the stock an “outperform” rating in a research report on Monday, April 21st. Finally, Needham & Company LLC restated a “buy” rating and set a $1,126.00 price target on shares of Netflix in a report on Thursday, April 17th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,084.91.

Netflix Trading Up 1.1%

NASDAQ:NFLX opened at $1,150.99 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,164.00. The company has a market cap of $489.83 billion, a PE ratio of 58.04, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a 50 day simple moving average of $997.19 and a two-hundred day simple moving average of $939.66.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same quarter in the previous year, the company posted $8.28 earnings per share. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity

In other Netflix news, insider Cletus R. Willems sold 298 shares of Netflix stock in a transaction on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,868 shares of company stock valued at $138,483,256. 1.76% of the stock is currently owned by company insiders.

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.