Barings LLC cut its position in Netflix, Inc. (NASDAQ:NFLX) by 89.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,832 shares of the Internet television network’s stock after selling 15,820 shares during the quarter. Barings LLC’s holdings in Netflix were worth $352,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in the stock. Duncker Streett & Co. Inc. grew its stake in shares of Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after buying an additional 200 shares in the last quarter. Murphy Capital Management Inc. grew its stake in shares of Netflix by 5.4% in the fourth quarter. Murphy Capital Management Inc. now owns 4,316 shares of the Internet television network’s stock valued at $828,000 after buying an additional 220 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Netflix by 0.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,480 shares of the Internet television network’s stock valued at $6,043,000 after purchasing an additional 235 shares during the last quarter. Covenant Asset Management LLC lifted its holdings in Netflix by 1.6% during the 4th quarter. Covenant Asset Management LLC now owns 15,373 shares of the Internet television network’s stock valued at $2,951,000 after purchasing an additional 238 shares during the last quarter. Finally, BB&T Corp lifted its holdings in Netflix by 6.9% during the 4th quarter. BB&T Corp now owns 4,122 shares of the Internet television network’s stock valued at $792,000 after purchasing an additional 265 shares during the last quarter. 82.23% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have issued reports on NFLX shares. MKM Partners raised their price target on Netflix from $245.00 to $320.00 and gave the company a “buy” rating in a report on Monday, January 29th. Wedbush set a $93.00 price target on Netflix and gave the company a “sell” rating in a report on Friday, January 19th. Goldman Sachs Group set a $315.00 price target on Netflix and gave the company a “buy” rating in a report on Friday, January 19th. Bank of America raised their price target on Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a report on Friday, December 1st. Finally, Macquarie raised Netflix from a “neutral” rating to an “outperform” rating and raised their price target for the company from $200.00 to $220.00 in a report on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating, thirty-four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $240.17.
Netflix, Inc. (NFLX) opened at $285.93 on Friday. Netflix, Inc. has a 12-month low of $138.26 and a 12-month high of $286.81. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $127,550.00, a PE ratio of 199.95, a price-to-earnings-growth ratio of 3.86 and a beta of 1.04.
Netflix (NASDAQ:NFLX) last released its earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. Netflix had a return on equity of 17.20% and a net margin of 4.78%. The firm had revenue of $3.29 billion for the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter in the previous year, the business posted $0.15 earnings per share. The business’s revenue for the quarter was up 32.6% on a year-over-year basis. equities research analysts forecast that Netflix, Inc. will post 2.73 EPS for the current year.
In other news, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $279.75, for a total transaction of $195,825.00. Following the sale, the director now directly owns 7,393 shares in the company, valued at $2,068,191.75. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Reed Hastings sold 63,889 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $282.09, for a total value of $18,022,448.01. Following the sale, the chief executive officer now owns 63,889 shares in the company, valued at $18,022,448.01. The disclosure for this sale can be found here. In the last quarter, insiders sold 458,247 shares of company stock worth $111,056,137. Company insiders own 4.90% of the company’s stock.
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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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