Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Bison Wealth LLC

Bison Wealth LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 56.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,031 shares of the Internet television network's stock after selling 1,336 shares during the quarter. Bison Wealth LLC's holdings in Netflix were worth $919,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Nordea Investment Management AB increased its stake in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network's stock worth $760,918,000 after purchasing an additional 156,958 shares in the last quarter. First National Trust Co boosted its holdings in Netflix by 1.0% in the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network's stock worth $1,121,000 after buying an additional 12 shares during the last quarter. Haven Private LLC purchased a new stake in Netflix during the 4th quarter worth approximately $733,000. Sigma Planning Corp raised its holdings in shares of Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network's stock valued at $4,966,000 after acquiring an additional 386 shares during the last quarter. Finally, Quilter Plc lifted its position in shares of Netflix by 8.2% in the fourth quarter. Quilter Plc now owns 143,757 shares of the Internet television network's stock valued at $128,133,000 after acquiring an additional 10,946 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. BMO Capital Markets reissued an "outperform" rating and issued a $1,200.00 price objective (up from $1,175.00) on shares of Netflix in a research note on Friday, April 18th. The Goldman Sachs Group increased their target price on shares of Netflix from $850.00 to $960.00 and gave the company a "neutral" rating in a research report on Wednesday, January 22nd. KeyCorp boosted their price target on shares of Netflix from $1,000.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. FBN Securities started coverage on shares of Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective for the company. Finally, Pivotal Research boosted their target price on Netflix from $1,250.00 to $1,350.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $1,072.12.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 2,682 shares of the business's stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 153,181 shares of company stock worth $153,232,778 in the last quarter. 1.76% of the stock is owned by company insiders.

Netflix Stock Up 0.2 %

Shares of NFLX stock traded up $1.75 during trading on Thursday, reaching $1,133.47. The company's stock had a trading volume of 3,491,390 shares, compared to its average volume of 3,717,565. Netflix, Inc. has a 1-year low of $555.59 and a 1-year high of $1,142.19. The stock's 50-day moving average price is $964.76 and its 200 day moving average price is $914.74. The company has a market capitalization of $482.37 billion, a price-to-earnings ratio of 57.16, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the firm posted $8.28 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

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.