Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Dover Advisors LLC

Dover Advisors LLC decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 779 shares of the Internet television network’s stock after selling 65 shares during the quarter. Dover Advisors LLC’s holdings in Netflix were worth $379,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NFLX. Columbia Trust Co 01012016 raised 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 acquiring an additional 208 shares during the last quarter. Crumly & Associates Inc. raised its position in Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock worth $1,025,000 after acquiring an additional 83 shares during the last quarter. Venture Visionary Partners LLC raised its position in Netflix by 15.4% during the fourth quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after acquiring an additional 1,318 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Netflix by 142.6% during the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after acquiring an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC raised its position in Netflix by 10.6% during the fourth quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock worth $578,000 after acquiring an additional 114 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a research report on Monday, April 15th. Benchmark reissued a “sell” rating and issued a $440.00 price objective on shares of Netflix in a research report on Thursday, April 18th. Oppenheimer reissued an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research report on Friday, April 19th. Jefferies Financial Group boosted their price objective on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, March 12th. Finally, Redburn Atlantic boosted their price objective on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $630.58.

Netflix Stock Down 0.6 %

Shares of NASDAQ NFLX traded down $3.57 during trading on Friday, reaching $561.23. 4,332,593 shares of the stock were exchanged, compared to its average volume of 4,190,527. The company has a market capitalization of $241.83 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. The business’s 50-day moving average price is $604.54 and its 200 day moving average price is $521.57. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.88 earnings per share. As a group, equities analysts forecast that Netflix, Inc. will post 18.13 EPS for the current fiscal year.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 20,734 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $567.16, for a total transaction of $11,759,495.44. The disclosure for this sale can be found here. Insiders have sold 154,573 shares of company stock valued at $89,548,241 over the last ninety days. Corporate insiders own 2.45% 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.