Trexquant Investment LP Sells 17,016 Shares of Netflix, Inc. (NASDAQ:NFLX)

Trexquant Investment LP lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 62.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,026 shares of the Internet television network’s stock after selling 17,016 shares during the quarter. Trexquant Investment LP’s holdings in Netflix were worth $8,936,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. West Michigan Advisors LLC grew its holdings in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock valued at $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. grew its holdings in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock valued at $266,000 after purchasing an additional 10 shares in the last quarter. MRP Capital Investments LLC increased its position in Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after purchasing an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its stake in Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock valued at $412,000 after purchasing an additional 10 shares in the last quarter. Finally, Enzi Wealth lifted its position in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after purchasing an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. Wolfe Research upgraded shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a report on Thursday, January 23rd. Moffett Nathanson upgraded Netflix from a “neutral” rating to a “buy” rating and upped their price objective for the company from $850.00 to $1,100.00 in a research report on Monday, March 17th. Robert W. Baird lifted their target price on Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Citigroup increased their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Finally, Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.02.

Insiders Place Their Bets

In other news, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were 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. Over the last 90 days, insiders sold 280,676 shares of company stock valued at $273,515,672. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Up 0.8 %

Shares of Netflix stock opened at $935.52 on Thursday. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50. The firm’s 50 day moving average price is $974.03 and its 200-day moving average price is $873.22. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $400.18 billion, a P/E ratio of 47.18, a PEG ratio of 2.12 and a beta of 1.38.

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