Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,590 shares of the Internet television network’s stock after selling 7,315 shares during the quarter. Amalgamated Bank’s holdings in Netflix were worth $52,870,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NFLX. International Assets Investment Management LLC lifted its stake in Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after buying an additional 2,061,859 shares in the last quarter. Jennison Associates LLC lifted its holdings in Netflix by 40.6% in the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after purchasing an additional 1,573,978 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in Netflix by 142.6% in the 3rd 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 in the last quarter. Alecta Tjanstepension Omsesidigt boosted its stake in shares of Netflix by 171.4% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after purchasing an additional 300,000 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Netflix during the third quarter worth approximately $99,219,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 2.4 %

Shares of NFLX stock traded up $13.44 during mid-day trading on Thursday, hitting $565.15. The company’s stock had a trading volume of 2,843,450 shares, compared to its average volume of 4,436,272. The stock has a market cap of $243.52 billion, a price-to-earnings ratio of 39.22, a PEG ratio of 1.35 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The business has a 50-day moving average price of $603.12 and a 200 day moving average price of $524.53. Netflix, Inc. has a 52-week low of $315.85 and a 52-week high of $639.00.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NFLX. Deutsche Bank Aktiengesellschaft boosted their target price on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Wells Fargo & Company increased their price objective on shares of Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Evercore ISI boosted their target price on shares of Netflix from $640.00 to $650.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. UBS Group increased their price target on Netflix from $570.00 to $685.00 and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $631.15.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $717,379.74. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 133,839 shares of company stock valued at $77,788,745. 1.76% of the stock is currently owned by insiders.

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.