Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Natixis Advisors L.P.

Natixis Advisors L.P. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 545,704 shares of the Internet television network’s stock after selling 5,371 shares during the period. Netflix accounts for about 0.7% of Natixis Advisors L.P.’s holdings, making the stock its 19th biggest holding. Natixis Advisors L.P. owned approximately 0.13% of Netflix worth $265,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Pinnacle Associates Ltd. boosted its holdings in Netflix by 3.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 7,979 shares of the Internet television network’s stock worth $3,013,000 after acquiring an additional 271 shares during the period. Capital Advisors Inc. OK lifted its position in shares of Netflix by 25.8% during the third quarter. Capital Advisors Inc. OK now owns 1,647 shares of the Internet television network’s stock worth $622,000 after purchasing an additional 338 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Netflix by 39.6% in the third quarter. Stratos Wealth Partners LTD. now owns 17,160 shares of the Internet television network’s stock valued at $6,480,000 after purchasing an additional 4,872 shares during the period. Stratos Wealth Advisors LLC grew its holdings in Netflix by 25.7% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 2,583 shares of the Internet television network’s stock valued at $975,000 after purchasing an additional 528 shares in the last quarter. Finally, Talbot Financial LLC increased its stake in Netflix by 5.4% during the 3rd quarter. Talbot Financial LLC now owns 14,541 shares of the Internet television network’s stock worth $5,491,000 after buying an additional 745 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on NFLX shares. Bank of America upped their price objective on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. increased their price target on Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a report on Monday, April 8th. Wedbush restated an “outperform” rating and set a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. Seaport Res Ptn cut Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Finally, Pivotal Research lifted their price target on shares of Netflix from $765.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, April 19th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $631.15.

Insiders Place Their Bets

In other 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 value of $38,707,632.81. Following the completion of the transaction, the chief executive officer now directly owns 1,278 shares in the company, valued at $717,379.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, 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 value of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the transaction, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,839 shares of company stock worth $77,788,745. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

NFLX traded up $10.74 during trading hours on Thursday, hitting $562.45. The company’s stock had a trading volume of 1,262,675 shares, compared to its average volume of 4,428,038. The company has a 50-day simple moving average of $603.12 and a 200 day simple moving average of $524.53. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $242.36 billion, a PE ratio of 38.82, a PEG ratio of 1.35 and a beta of 1.23. Netflix, Inc. has a fifty-two week low of $315.85 and a fifty-two week high of $639.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $2.88 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 18.13 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.