Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Main Street Group LTD

Main Street Group LTD decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 987 shares of the Internet television network’s stock after selling 26 shares during the quarter. Netflix accounts for about 0.3% of Main Street Group LTD’s holdings, making the stock its 25th biggest position. Main Street Group LTD’s holdings in Netflix were worth $880,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Nan Shan Life Insurance Co. Ltd. boosted its stake in shares of Netflix by 21.1% in the fourth quarter. Nan Shan Life Insurance Co. Ltd. now owns 50,037 shares of the Internet television network’s stock valued at $44,599,000 after purchasing an additional 8,734 shares during the period. Night Owl Capital Management LLC increased its position in Netflix by 3.2% in the 4th quarter. Night Owl Capital Management LLC now owns 34,468 shares of the Internet television network’s stock valued at $30,722,000 after acquiring an additional 1,072 shares during the period. NorthRock Partners LLC lifted its stake in shares of Netflix by 169.2% in the 4th quarter. NorthRock Partners LLC now owns 8,713 shares of the Internet television network’s stock worth $7,766,000 after acquiring an additional 5,476 shares during the period. Ogborne Capital Management LLC grew its holdings in Netflix by 1.8% during the fourth quarter. Ogborne Capital Management LLC now owns 89,380 shares of the Internet television network’s stock worth $79,666,000 after acquiring an additional 1,540 shares during the period. Finally, Obermeyer Wealth Partners boosted its stake in shares of Netflix by 4.9% during the 4th quarter. Obermeyer Wealth Partners now owns 691 shares of the Internet television network’s stock worth $616,000 after acquiring an additional 32 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on NFLX shares. Benchmark restated a “hold” rating on shares of Netflix in a report on Monday, April 21st. Barclays boosted their target price on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Monday, April 21st. Moffett Nathanson reaffirmed a “buy” rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. KeyCorp boosted their price target on Netflix from $1,000.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Finally, Cfra Research raised Netflix to a “strong-buy” rating in a report on Monday, April 28th. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,084.91.

Netflix Price Performance

NASDAQ:NFLX opened at $1,138.44 on Wednesday. The company’s 50-day moving average price is $991.99 and its two-hundred day moving average price is $938.19. The firm has a market cap of $484.49 billion, a PE ratio of 57.41, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,164.00.

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 analysts’ consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion during the quarter, compared to analysts’ expectations of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the prior year, the company earned $8.28 EPS. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Bradford L. Smith sold 3,919 shares of the business’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the transaction, the director now owns 7,969 shares in the company, valued at $8,959,227.94. The trade was a 32.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 25,360 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 132,868 shares of company stock valued at $138,483,256 in the last 90 days. Corporate insiders own 1.76% of the company’s stock.

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.