Ted Buchan & Co Sells 23 Shares of Netflix, Inc. (NASDAQ:NFLX)

Ted Buchan & Co reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 1,552 shares of the Internet television network’s stock after selling 23 shares during the period. Ted Buchan & Co’s holdings in Netflix were worth $1,383,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after acquiring an additional 171,712 shares during the period. Geode Capital Management LLC increased its position in shares of Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock worth $8,287,823,000 after purchasing an additional 175,596 shares in the last quarter. Norges Bank bought a new position in Netflix during the 4th quarter valued at about $5,019,087,000. Alliancebernstein L.P. lifted its holdings in Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock valued at $4,582,568,000 after purchasing an additional 82,564 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after buying an additional 23,702 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on NFLX shares. The Goldman Sachs Group boosted their target price on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and raised their target price for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Bank of America raised their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $1,023.74.

Netflix Price Performance

NFLX stock opened at $855.86 on Friday. The stock has a 50-day moving average price of $970.24 and a two-hundred day moving average price of $874.63. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock has a market cap of $366.10 billion, a PE ratio of 43.16, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. 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 announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. During the same quarter last year, the firm earned $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now owns 394 shares in the company, valued at $362,933.10. This represents a 98.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 280,676 shares of company stock worth $273,515,672. 1.76% of the stock is owned by insiders.

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.