Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Graham Capital Management L.P.

Graham Capital Management L.P. reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 7.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,458 shares of the Internet television network’s stock after selling 2,045 shares during the period. Netflix makes up approximately 0.3% of Graham Capital Management L.P.’s holdings, making the stock its 21st largest holding. Graham Capital Management L.P.’s holdings in Netflix were worth $21,800,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Netflix by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after buying an additional 171,712 shares in the last quarter. FMR LLC boosted its holdings in Netflix by 1.8% in the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock worth $18,617,081,000 after acquiring an additional 375,234 shares during the period. Geode Capital Management LLC grew its position in Netflix by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after acquiring an additional 175,596 shares in the last quarter. Norges Bank purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $5,019,087,000. Finally, Alliancebernstein L.P. lifted its position in shares of Netflix by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock worth $4,582,568,000 after purchasing an additional 82,564 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.4 %

NFLX opened at $1,139.81 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,164.00. The stock’s 50 day moving average price is $984.97 and its 200 day moving average price is $931.79. 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 (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion for 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 last year, the company earned $8.28 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. The trade was a 29.15 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the company’s stock in a transaction dated 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 sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $35,972,180. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 132,530 shares of company stock valued at $137,602,751. Company insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NFLX shares. Canaccord Genuity Group raised their price target on shares of Netflix from $1,150.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, April 21st. Oppenheimer reaffirmed an “outperform” rating and set a $1,200.00 target price (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Wedbush restated an “outperform” rating and set a $1,200.00 price objective on shares of Netflix in a research note on Monday, May 5th. Finally, Moffett Nathanson reaffirmed a “buy” rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $1,084.91.

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.