Eqis Capital Management Inc. reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 25.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,842 shares of the Internet television network’s stock after selling 2,022 shares during the quarter. Eqis Capital Management Inc.’s holdings in Netflix were worth $1,121,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. Bingham Osborn & Scarborough LLC purchased a new position in shares of Netflix in the fourth quarter valued at $205,000. Robeco Institutional Asset Management B.V. grew its holdings in shares of Netflix by 2.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 211,748 shares of the Internet television network’s stock valued at $40,647,000 after purchasing an additional 5,053 shares in the last quarter. Lourd Capital LLC purchased a new position in shares of Netflix in the fourth quarter valued at $721,000. Assenagon Asset Management S.A. purchased a new position in shares of Netflix in the fourth quarter valued at $45,695,000. Finally, Sumitomo Mitsui Asset Management Company LTD grew its holdings in shares of Netflix by 143.6% in the fourth quarter. Sumitomo Mitsui Asset Management Company LTD now owns 387,260 shares of the Internet television network’s stock valued at $74,338,000 after purchasing an additional 228,293 shares in the last quarter. 82.38% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on NFLX shares. MKM Partners raised their target price on shares of Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a report on Monday, January 29th. Bank of America raised their price target on Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a research report on Friday, December 1st. Macquarie upgraded Netflix from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $200.00 to $220.00 in a research report on Tuesday, January 2nd. Wedbush set a $93.00 price target on Netflix and gave the stock a “sell” rating in a research report on Friday, January 19th. Finally, Goldman Sachs Group set a $250.00 price target on Netflix and gave the stock a “buy” rating in a research report on Tuesday, November 28th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-four have issued a buy rating and one has issued a strong buy rating to the company. Netflix presently has a consensus rating of “Buy” and a consensus price target of $237.49.
Shares of Netflix, Inc. (NASDAQ NFLX) opened at $257.95 on Tuesday. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $111,940.00, a price-to-earnings ratio of 206.36, a price-to-earnings-growth ratio of 3.48 and a beta of 1.04. Netflix, Inc. has a twelve month low of $138.26 and a twelve month high of $286.81.
Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $3.29 billion during the quarter, compared to analysts’ expectations of $3.28 billion. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm’s quarterly revenue was up 32.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. equities research analysts anticipate that Netflix, Inc. will post 2.69 earnings per share for the current year.
In other news, CFO David B. Wells sold 1,000 shares of the stock in a transaction on Monday, November 20th. The stock was sold at an average price of $193.30, for a total transaction of $193,300.00. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $193,300. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 700 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $194.29, for a total value of $136,003.00. Following the transaction, the director now owns 7,393 shares of the company’s stock, valued at $1,436,385.97. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 459,885 shares of company stock valued at $105,163,627. 4.90% of the stock is owned by company insiders.
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Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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