Y.D. More Investments Ltd Sells 68 Shares of Netflix, Inc. (NASDAQ:NFLX)

Y.D. More Investments Ltd trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,111 shares of the Internet television network’s stock after selling 68 shares during the period. Y.D. More Investments Ltd’s holdings in Netflix were worth $3,664,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix in the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its position in Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. Newton One Investments LLC bought a new position in Netflix during the fourth quarter worth about $34,000. MidAtlantic Capital Management Inc. acquired a new stake in Netflix during the third quarter valued at approximately $37,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Netflix in the 3rd quarter valued at approximately $38,000. Institutional investors own 80.93% of the company’s stock.

Insider Activity

In related news, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Timothy M. Haley sold 647 shares of the business’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Insiders have sold 281,026 shares of company stock worth $267,211,135 over the last ninety days. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NFLX. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Robert W. Baird increased their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. TD Cowen boosted their price objective on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. increased their price objective on Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, UBS Group boosted their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $994.87 on Wednesday. The company has a fifty day moving average price of $906.93 and a 200 day moving average price of $781.90. The firm has a market cap of $425.57 billion, a PE ratio of 50.17, a PEG ratio of 2.02 and a beta of 1.27. 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 1-year low of $542.01 and a 1-year high of $1,008.00.

Netflix (NASDAQ:NFLX) 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. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same period in the prior year, the firm earned $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.