Alps Advisors Inc. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 85.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,346 shares of the Internet television network’s stock after selling 13,739 shares during the period. Alps Advisors Inc.’s holdings in Netflix were worth $628,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Gemmer Asset Management LLC raised its position in shares of Netflix by 12.4% during the 4th quarter. Gemmer Asset Management LLC now owns 271 shares of the Internet television network’s stock valued at $73,000 after purchasing an additional 30 shares during the period. Versant Capital Management Inc grew its stake in shares of Netflix by 59.3% in the 4th quarter. Versant Capital Management Inc now owns 94 shares of the Internet television network’s stock worth $25,000 after buying an additional 35 shares in the last quarter. Reilly Financial Advisors LLC grew its stake in shares of Netflix by 5.2% in the 4th quarter. Reilly Financial Advisors LLC now owns 708 shares of the Internet television network’s stock worth $190,000 after buying an additional 35 shares in the last quarter. First Personal Financial Services grew its stake in shares of Netflix by 9.3% in the 4th quarter. First Personal Financial Services now owns 519 shares of the Internet television network’s stock worth $139,000 after buying an additional 44 shares in the last quarter. Finally, BerganKDV Wealth Management LLC grew its stake in shares of Netflix by 12.9% in the 4th quarter. BerganKDV Wealth Management LLC now owns 395 shares of the Internet television network’s stock worth $106,000 after buying an additional 45 shares in the last quarter. Institutional investors own 79.49% of the company’s stock.

NFLX opened at $351.77 on Thursday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49. The stock has a market cap of $151.75 billion, a PE ratio of 131.26, a PEG ratio of 2.88 and a beta of 1.38. Netflix, Inc. has a fifty-two week low of $231.23 and a fifty-two week high of $423.21.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. The company’s revenue was up 27.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 EPS. On average, research analysts forecast that Netflix, Inc. will post 4.03 EPS for the current fiscal year.

In other Netflix news, Director Anne M. Sweeney sold 2,569 shares of Netflix stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $350.00, for a total value of $899,150.00. Following the completion of the transaction, the director now owns 539 shares in the company, valued at approximately $188,650. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David B. Wells sold 588 shares of the business’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $283.79, for a total value of $166,868.52. The disclosure for this sale can be found here. Insiders have sold a total of 212,303 shares of company stock worth $59,417,475 in the last three months. 4.29% of the stock is owned by insiders.

A number of research firms recently commented on NFLX. Sanford C. Bernstein reaffirmed a “buy” rating and set a $465.00 price target on shares of Netflix in a research note on Wednesday, October 17th. JPMorgan Chase & Co. reduced their price target on shares of Netflix from $425.00 to $425.00 and set an “overweight” rating for the company in a report on Monday, January 14th. Wedbush boosted their price objective on shares of Netflix from $125.00 to $150.00 and gave the stock an “underperform” rating in a research note on Wednesday, October 17th. BMO Capital Markets boosted their price objective on shares of Netflix from $400.00 to $440.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 17th. Finally, Nomura reissued a “neutral” rating and set a $320.00 target price (up previously from $300.00) on shares of Netflix in a research report on Friday, January 18th. Six research analysts have rated the stock with a sell rating, eight have given a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $376.33.

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Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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