LGT Fund Management Co Ltd. lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 92.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 317 shares of the Internet television network's stock after selling 4,086 shares during the period. LGT Fund Management Co Ltd.'s holdings in Netflix were worth $283,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the business. West Michigan Advisors LLC raised its position in shares of Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after purchasing an additional 10 shares during the period. Enzi Wealth increased its stake in Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock worth $316,000 after purchasing an additional 11 shares in the last quarter. TCI Wealth Advisors Inc. raised its holdings in Netflix by 1.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock worth $624,000 after buying an additional 11 shares during the period. Blossom Wealth Management lifted its stake in Netflix by 0.9% in the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network's stock valued at $1,112,000 after buying an additional 11 shares in the last quarter. Finally, Everett Harris & Co. CA boosted its holdings in shares of Netflix by 1.3% in the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network's stock valued at $775,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 80.93% of the company's stock.
Shares of NASDAQ NFLX traded down $1.12 during trading hours on Tuesday, reaching $972.58. 4,385,138 shares of the stock were exchanged, compared to its average volume of 3,310,103. The stock's fifty day simple moving average is $948.96 and its 200 day simple moving average is $835.48. The firm has a market capitalization of $416.03 billion, a price-to-earnings ratio of 49.05, a P/E/G ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.
Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 EPS. Sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.
In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold 255,017 shares of company stock worth $246,653,898 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.
A number of equities research analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Wolfe Research raised Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a research note on Thursday, January 23rd. Robert W. Baird increased their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Wedbush restated an "outperform" rating and issued a $1,150.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Sanford C. Bernstein raised Netflix from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,021.70.
Check Out Our Latest Analysis on NFLX
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.
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