Louisiana State Employees Retirement System Sells 2,700 Shares of Netflix, Inc. (NASDAQ:NFLX)

Louisiana State Employees Retirement System lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,200 shares of the Internet television network’s stock after selling 2,700 shares during the quarter. Netflix accounts for 0.9% of Louisiana State Employees Retirement System’s portfolio, making the stock its 11th largest position. Louisiana State Employees Retirement System’s holdings in Netflix were worth $48,310,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. increased its stake in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after buying an additional 42 shares during the period. Newton One Investments LLC purchased a new position in Netflix in the 4th quarter worth about $34,000. MidAtlantic Capital Management Inc. bought a new stake in Netflix during the 3rd quarter valued at about $37,000. Finally, Pineridge Advisors LLC boosted its position in Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Down 1.9 %

Shares of Netflix stock opened at $1,008.08 on Wednesday. The firm’s 50 day simple moving average is $919.96 and its two-hundred day simple moving average is $795.06. The firm has a market capitalization of $431.22 billion, a price-to-earnings ratio of 50.84, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,032.85. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.11 EPS. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other Netflix news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 303,809 shares of company stock worth $290,374,484. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NFLX. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and raised their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Jefferies Financial Group upped their target price on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Morgan Stanley increased their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.