Te Ahumairangi Investment Management Ltd Sells 280 Shares of Netflix, Inc. (NASDAQ:NFLX)

Te Ahumairangi Investment Management Ltd lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 34.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 535 shares of the Internet television network’s stock after selling 280 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Netflix were worth $477,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pathway Financial Advisers LLC raised its holdings in Netflix by 82.4% during the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 14 shares during the last quarter. Newton One Investments LLC bought a new stake in shares of Netflix during the fourth quarter worth approximately $34,000. Pineridge Advisors LLC lifted its holdings in Netflix by 4,000.0% in the fourth 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. Princeton Global Asset Management LLC boosted its stake in Netflix by 51.6% in the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in Netflix during the 4th quarter worth $43,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on NFLX. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group upgraded Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Wedbush reiterated an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Guggenheim lifted their target price on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,021.02.

Netflix Price Performance

Shares of NASDAQ NFLX opened at $928.38 on Wednesday. The firm has a market cap of $397.12 billion, a P/E ratio of 46.82, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The business’s 50 day moving average is $974.40 and its 200-day moving average is $872.78. 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, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for 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 company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 EPS. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 288,583 shares of company stock worth $279,611,567 in the last quarter. 1.76% of the stock is currently owned by corporate insiders.

Netflix Company 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.