State of Alaska Department of Revenue Sells 3,445 Shares of Netflix, Inc. (NASDAQ:NFLX)

State of Alaska Department of Revenue lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,012 shares of the Internet television network’s stock after selling 3,445 shares during the period. State of Alaska Department of Revenue’s holdings in Netflix were worth $32,625,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Columbia Trust Co 01012016 boosted its position in Netflix by 15.3% during the fourth quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after purchasing an additional 208 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares during the period. Smith Anglin Financial LLC increased its stake in shares of Netflix by 7.7% during the third quarter. Smith Anglin Financial LLC now owns 546 shares of the Internet television network’s stock worth $206,000 after purchasing an additional 39 shares in the last quarter. Sandy Cove Advisors LLC lifted its stake in Netflix by 10.6% in the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after buying an additional 114 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Netflix by 21.5% during the third quarter. Daiwa Securities Group Inc. now owns 147,770 shares of the Internet television network’s stock worth $55,798,000 after acquiring an additional 26,109 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on NFLX. Pivotal Research boosted their price objective on shares of Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Barclays boosted their target price on Netflix from $375.00 to $475.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Bank of America lifted their target price on Netflix from $585.00 to $650.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Robert W. Baird raised their price objective on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Finally, Morgan Stanley upped their target price on shares of Netflix from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $583.18.

Insider Activity at Netflix

In other news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Netflix news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 47,574 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $17,003,651.20. The disclosure for this sale can be found here. Insiders have sold a total of 273,767 shares of company stock worth $151,298,232 in the last three months. Insiders own 2.45% of the company’s stock.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded down $6.20 on Friday, reaching $607.33. The company’s stock had a trading volume of 3,708,803 shares, compared to its average volume of 3,000,718. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $634.39. The stock has a market capitalization of $262.83 billion, a P/E ratio of 50.57, a PEG ratio of 1.66 and a beta of 1.22. The stock’s 50-day moving average is $584.25 and its two-hundred day moving average is $488.53. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The company had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The firm’s revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, sell-side analysts forecast that Netflix, Inc. will post 17.01 EPS for the current year.

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.