Garde Capital Inc. Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

Garde Capital Inc. lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 866 shares of the Internet television network's stock after selling 275 shares during the period. Garde Capital Inc.'s holdings in Netflix were worth $772,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of NFLX. Vanguard Group Inc. increased its stake 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 worth $33,413,809,000 after purchasing an additional 171,712 shares in the last quarter. FMR LLC increased its stake in shares of Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after purchasing an additional 375,234 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Netflix by 1.9% during the fourth 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 purchased a new stake in shares of Netflix during the fourth quarter worth about $5,019,087,000. Finally, Alliancebernstein L.P. increased its stake in shares of Netflix by 1.6% during the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after purchasing an additional 82,564 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Trading Down 0.2%

Shares of NFLX stock traded down $3.02 during trading hours on Wednesday, hitting $1,208.55. The company had a trading volume of 1,835,778 shares, compared to its average volume of 3,746,387. The company's fifty day moving average is $1,045.95 and its 200 day moving average is $967.38. 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, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,215.39. The stock has a market capitalization of $514.32 billion, a PE ratio of 60.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the prior year, the business posted $8.28 EPS. Research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the firm's stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $3,624,746.55. This represents a 41.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 132,708 shares of company stock worth $138,323,256. 1.37% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NFLX. Morgan Stanley boosted their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research note on Monday, April 21st. Moffett Nathanson reaffirmed a "buy" rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Barclays upped their price objective on shares of Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. Cfra Research raised shares of Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Finally, Pivotal Research upped their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a research note on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,102.79.

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.