Gotham Asset Management LLC Sells 9,038 Shares of Netflix, Inc. (NASDAQ:NFLX)

Gotham Asset Management LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 30.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,994 shares of the Internet television network’s stock after selling 9,038 shares during the period. Gotham Asset Management LLC’s holdings in Netflix were worth $18,712,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NFLX. First National Trust Co boosted its position in shares of Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock valued at $1,121,000 after acquiring an additional 12 shares in the last quarter. Haven Private LLC bought a new stake in shares of Netflix in the 4th quarter valued at approximately $733,000. Sigma Planning Corp raised its holdings in shares of Netflix by 7.4% in the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after buying an additional 386 shares in the last quarter. Quilter Plc lifted its position in shares of Netflix by 8.2% during the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock worth $128,133,000 after buying an additional 10,946 shares during the period. Finally, Unified Investment Management acquired a new stake in Netflix in the 4th quarter valued at $526,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

NFLX opened at $1,139.81 on Friday. The company has a fifty day simple moving average of $984.97 and a 200 day simple moving average of $931.79. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $485.07 billion, a P/E ratio of 57.48, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,164.00.

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

Insider Transactions at Netflix

In other news, insider Cletus R. Willems sold 298 shares of the firm’s stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $35,972,180. This trade represents a 0.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 132,530 shares of company stock valued at $137,602,751 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Macquarie increased their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Monday, April 21st. Wells Fargo & Company increased their target price on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. BMO Capital Markets restated an “outperform” rating and issued a $1,200.00 price target (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. UBS Group dropped their price objective on shares of Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,084.91.

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.