Netflix, Inc. (NASDAQ:NFLX) Shares Sold by AIA Group Ltd

AIA Group Ltd cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 24.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,252 shares of the Internet television network’s stock after selling 3,678 shares during the period. AIA Group Ltd’s holdings in Netflix were worth $5,478,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Regent Peak Wealth Advisors LLC increased its position in Netflix by 1.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after buying an additional 21 shares during the period. Centurion Wealth Management LLC increased its holdings in shares of Netflix by 2.4% during the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after purchasing an additional 23 shares during the period. Secure Asset Management LLC raised its stake in shares of Netflix by 2.7% during the fourth quarter. Secure Asset Management LLC now owns 903 shares of the Internet television network’s stock valued at $440,000 after purchasing an additional 24 shares in the last quarter. Key Financial Inc raised its stake in shares of Netflix by 14.4% during the third quarter. Key Financial Inc now owns 199 shares of the Internet television network’s stock valued at $75,000 after purchasing an additional 25 shares in the last quarter. Finally, Lee Financial Co raised its stake in shares of Netflix by 18.2% during the third quarter. Lee Financial Co now owns 162 shares of the Internet television network’s stock valued at $61,000 after purchasing an additional 25 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Netflix

In related news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 47,000 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $550.50, for a total value of $25,873,500.00. Following the completion of the sale, the director now owns 431,034 shares of the company’s stock, valued at $237,284,217. The disclosure for this sale can be found here. In the last quarter, insiders sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is owned by corporate insiders.

Netflix Stock Down 0.7 %

Shares of NASDAQ NFLX traded down $4.46 during trading hours on Thursday, hitting $609.23. The stock had a trading volume of 3,807,348 shares, compared to its average volume of 4,231,368. The company has a market capitalization of $263.65 billion, a P/E ratio of 51.53, a P/E/G ratio of 1.67 and a beta of 1.22. The firm’s 50-day moving average price is $604.73 and its two-hundred day moving average price is $511.17. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.12 EPS. Analysts anticipate that Netflix, Inc. will post 17.05 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NFLX. Jefferies Financial Group lifted their price objective on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a research note on Thursday, January 25th. Evercore ISI lifted their price objective on shares of Netflix from $600.00 to $640.00 and gave the company an “outperform” rating in a research note on Thursday, March 14th. Sanford C. Bernstein lifted their price objective on shares of Netflix from $390.00 to $490.00 and gave the company a “market perform” rating in a research note on Wednesday, January 24th. Finally, Canaccord Genuity Group lifted their price objective on shares of Netflix from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $614.75.

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.