Netflix, Inc. (NASDAQ:NFLX) Position Decreased by Gunderson Capital Management Inc.

Gunderson Capital Management Inc. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,201 shares of the Internet television network’s stock after selling 325 shares during the period. Netflix accounts for 5.3% of Gunderson Capital Management Inc.’s investment portfolio, making the stock its 6th largest holding. Gunderson Capital Management Inc.’s holdings in Netflix were worth $10,875,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in NFLX. Traveka Wealth LLC increased its position in Netflix by 2.7% during the fourth quarter. Traveka Wealth LLC now owns 1,501 shares of the Internet television network’s stock worth $1,338,000 after purchasing an additional 39 shares during the last quarter. Tsfg LLC raised its position in shares of Netflix by 9.5% in the 4th quarter. Tsfg LLC now owns 1,036 shares of the Internet television network’s stock worth $923,000 after buying an additional 90 shares during the period. Signet Financial Management LLC boosted its holdings in Netflix by 12.4% in the fourth quarter. Signet Financial Management LLC now owns 473 shares of the Internet television network’s stock valued at $422,000 after acquiring an additional 52 shares during the last quarter. PFW Advisors LLC acquired a new position in Netflix in the fourth quarter valued at $335,000. Finally, Marion Wealth Management purchased a new stake in Netflix during the fourth quarter valued at about $239,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 0.3 %

NASDAQ:NFLX opened at $840.29 on Tuesday. The firm has a market capitalization of $359.19 billion, a P/E ratio of 47.55, a P/E/G ratio of 1.77 and a beta of 1.27. The business has a 50 day simple moving average of $879.75 and a 200 day simple moving average of $754.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total value of $3,139,500.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. This represents a 24.23 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 156,742 shares of company stock worth $131,030,268. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NFLX. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Argus boosted their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. UBS Group raised their target price on shares of Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Oppenheimer upped their price target on shares of Netflix from $825.00 to $1,065.00 and gave the stock an “outperform” rating in a research report on Monday, December 16th. Finally, Loop Capital lowered Netflix from a “buy” rating to a “hold” rating and raised their price objective for the company from $800.00 to $950.00 in a research report on Monday, December 16th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $832.94.

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.