State of Alaska Department of Revenue Sells 3,445 Shares of Netflix, Inc. (NASDAQ:NFLX)

State of Alaska Department of Revenue lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 67,012 shares of the Internet television network’s stock after selling 3,445 shares during the quarter. State of Alaska Department of Revenue’s holdings in Netflix were worth $32,625,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in NFLX. Authentikos Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management acquired a new position in Netflix during the 3rd quarter valued at about $26,000. Carmel Capital Partners LLC boosted its stake in shares of Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the last quarter. Evermay Wealth Management LLC grew its position in shares of Netflix by 94.9% during the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after buying an additional 56 shares during the period. Finally, Pacifica Partners Inc. acquired a new stake in shares of Netflix during the fourth quarter worth $41,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, CEO Gregory K. Peters sold 5,352 shares of Netflix stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 13,655 shares of the company’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $543.80, for a total transaction of $7,425,589.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $7,118,342. The disclosure for this sale can be found here. Insiders have sold a total of 273,767 shares of company stock valued at $151,298,232 in the last three months. 2.45% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on NFLX. Robert W. Baird increased their price target on shares of Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Barclays lifted their price target on shares of Netflix from $375.00 to $475.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Canaccord Genuity Group raised their price objective on Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Jefferies Financial Group boosted their target price on Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a research note on Tuesday, March 12th. Finally, KeyCorp raised their price target on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average price target of $583.18.

Netflix Stock Performance

Shares of NASDAQ NFLX traded down $6.20 during midday trading on Friday, hitting $607.33. 3,708,803 shares of the company’s stock were exchanged, compared to its average volume of 3,000,718. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $634.39. The company’s 50 day moving average price is $584.25 and its 200 day moving average price is $488.53. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $262.83 billion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 1.66 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). The company had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period last year, the firm earned $0.12 earnings per share. As a group, analysts predict that Netflix, Inc. will post 17.01 earnings per share for the current fiscal year.

Netflix 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.