Global Assets Advisory LLC Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

Global Assets Advisory LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 44.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 895 shares of the Internet television network’s stock after selling 727 shares during the period. Global Assets Advisory LLC’s holdings in Netflix were worth $794,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of Netflix in the 4th quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC grew its stake in shares of Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock worth $2,051,016,000 after purchasing an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock valued at $870,752,000 after buying an additional 743,724 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock valued at $4,076,903,000 after buying an additional 570,674 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,624,746.55. The trade was a 41.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jay C. Hoag sold 32,515 shares of the company’s stock in a transaction on Tuesday, April 29th. The shares were sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director now directly owns 79,040 shares in the company, valued at $87,099,708.80. This trade represents a 29.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 132,530 shares of company stock worth $137,602,751 in the last quarter. Company insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Morgan Stanley increased their price objective on Netflix from $1,150.00 to $1,200.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Arete Research upgraded shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. KeyCorp increased their target price on shares of Netflix from $1,000.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Monday, April 21st. Finally, Citigroup reissued a “neutral” rating on shares of Netflix in a research report on Monday. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,084.91.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $1,139.81 on Friday. 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, Inc. has a one year low of $587.04 and a one year high of $1,164.00. The firm has a market capitalization of $485.07 billion, a P/E ratio of 57.48, a PEG ratio of 2.12 and a beta of 1.58. The company’s fifty day moving average is $984.97 and its two-hundred day moving average is $931.79.

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

Netflix 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.