Curi RMB Capital LLC Reduces Position in Netflix, Inc. (NASDAQ:NFLX)

Curi RMB Capital LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 953 shares of the Internet television network’s stock after selling 92 shares during the quarter. Curi RMB Capital LLC’s holdings in Netflix were worth $849,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of NFLX. Principal Financial Group Inc. boosted its stake in shares of Netflix by 13.3% during the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after buying an additional 198,148 shares during the period. M&T Bank Corp raised its stake in Netflix by 4.2% during the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after acquiring an additional 1,684 shares during the last quarter. McIlrath & Eck LLC lifted its position in Netflix by 13.8% during the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network’s stock worth $175,000 after acquiring an additional 30 shares during the period. Advisory Resource Group grew its stake in shares of Netflix by 0.7% in the 3rd quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after purchasing an additional 12 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in shares of Netflix by 356.5% in the third quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network’s stock valued at $9,844,000 after purchasing an additional 10,839 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In related news, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $362,933.10. This represents a 98.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of Netflix 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 transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 274,312 shares of company stock worth $267,919,297 in the last ninety days. Insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.2 %

Shares of NASDAQ:NFLX opened at $973.03 on Monday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The stock’s 50-day moving average price is $954.87 and its two-hundred day moving average price is $894.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $416.22 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.54 billion for the quarter, compared to analysts’ expectations of $10.51 billion. During the same period last year, the company earned $8.28 earnings per share. On average, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NFLX shares. Macquarie lifted their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. FBN Securities initiated coverage on Netflix in a research note on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 target price for the company. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Netflix in a report on Friday. Nine equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,036.38.

Netflix Company Profile

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.