Bessemer Group Inc. Decreases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Bessemer Group Inc. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,862 shares of the Internet television network's stock after selling 11,032 shares during the quarter. Bessemer Group Inc.'s holdings in Netflix were worth $163,998,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. West Michigan Advisors LLC boosted its position in Netflix by 1.3% during the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares during the last quarter. Warwick Investment Management Inc. lifted its holdings in Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after purchasing an additional 10 shares during the last quarter. MRP Capital Investments LLC lifted its position in shares of Netflix by 1.0% during the 4th 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 increased its position in Netflix by 2.2% in the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after buying an additional 10 shares during the period. Finally, Mission Creek Capital Partners Inc. grew its stake in shares of Netflix by 0.3% in the fourth quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network's stock worth $3,410,000 after acquiring an additional 10 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Up 2.5%

Netflix stock traded up $31.42 during mid-day trading on Thursday, reaching $1,306.67. 2,601,963 shares of the company traded hands, compared to its average volume of 3,739,282. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a 52-week low of $587.04 and a 52-week high of $1,307.49. The firm has a market capitalization of $556.08 billion, a price-to-earnings ratio of 61.75, a P/E/G ratio of 2.47 and a beta of 1.59. The firm's 50 day moving average price is $1,169.57 and its 200 day moving average price is $1,018.04.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same quarter in the previous year, the firm posted $8.28 EPS. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.72, for a total value of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares in the company, valued at approximately $3,402,068.52. This represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 185,280 shares of company stock worth $210,599,866 over the last ninety days. 1.37% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research reports. Guggenheim reissued a "buy" rating and issued a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Morgan Stanley lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Finally, Robert W. Baird boosted their price objective on Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a research report on Friday, May 16th. Eleven research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $1,172.73.

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.