Louisiana State Employees Retirement System cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,200 shares of the Internet television network’s stock after selling 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Netflix were worth $5,029,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of NFLX. Balentine LLC lifted its holdings in Netflix by 1,020.4% in the third quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after acquiring an additional 500 shares during the period. Aviance Capital Management LLC acquired a new stake in Netflix in the second quarter valued at $137,000. Harfst & Associates Inc. lifted its holdings in Netflix by 36.8% in the second quarter. Harfst & Associates Inc. now owns 1,015 shares of the Internet television network’s stock valued at $151,000 after acquiring an additional 273 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Netflix in the third quarter valued at $171,000. Finally, Grove Bank & Trust lifted its holdings in Netflix by 249.6% in the third quarter. Grove Bank & Trust now owns 958 shares of the Internet television network’s stock valued at $174,000 after acquiring an additional 684 shares during the period. 83.27% of the stock is owned by hedge funds and other institutional investors.
In other news, CEO Reed Hastings sold 91,861 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $189.03, for a total value of $17,364,484.83. Following the completion of the sale, the chief executive officer now directly owns 91,861 shares in the company, valued at approximately $17,364,484.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 3,885 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $200.00, for a total value of $777,000.00. Following the completion of the sale, the director now owns 1,015 shares of the company’s stock, valued at $203,000. The disclosure for this sale can be found here. Insiders sold a total of 336,617 shares of company stock valued at $65,364,544 over the last quarter. Company insiders own 4.90% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ NFLX) traded up $3.99 on Tuesday, hitting $221.23. The company’s stock had a trading volume of 8,197,800 shares, compared to its average volume of 7,348,377. Netflix, Inc. has a one year low of $130.58 and a one year high of $222.55. The firm has a market cap of $95,670.00, a price-to-earnings ratio of 223.46, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20.
Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.03). Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same period in the previous year, the company earned $0.12 earnings per share. The business’s revenue for the quarter was up 30.3% on a year-over-year basis. analysts anticipate that Netflix, Inc. will post 1.25 earnings per share for the current year.
NFLX has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on Netflix from $200.00 to $230.00 and gave the company a “buy” rating in a research report on Thursday, October 12th. JPMorgan Chase & Co. restated an “overweight” rating and issued a $225.00 price target (up previously from $210.00) on shares of Netflix in a research report on Friday, October 13th. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $210.19 price target for the company in a research report on Thursday, October 19th. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a research report on Saturday, December 2nd. Finally, Loop Capital raised their price target on Netflix from $237.00 to $241.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and thirty-six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $212.11.
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Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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