JT Stratford LLC Has $6.84 Million Position in Netflix, Inc. (NASDAQ:NFLX)

JT Stratford LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,668 shares of the Internet television network's stock after selling 336 shares during the period. Netflix makes up approximately 1.1% of JT Stratford LLC's holdings, making the stock its 16th biggest position. JT Stratford LLC's holdings in Netflix were worth $6,835,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in NFLX. Norges Bank acquired a new stake in Netflix in the 4th quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC grew its position in Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after buying an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after acquiring an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Netflix by 318.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after acquiring an additional 743,724 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after acquiring an additional 570,674 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $982.05, for a total value of $2,554,312.05. Following the sale, the chief financial officer now owns 3,691 shares of the company's stock, valued at approximately $3,624,746.55. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cletus R. Willems sold 298 shares of the company's stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the sale, the insider now owns 31,610 shares in the company, valued at $35,972,180. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 132,868 shares of company stock worth $138,483,256. 1.76% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on NFLX shares. Robert W. Baird boosted their price target on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. BMO Capital Markets reiterated an "outperform" rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Citigroup restated a "neutral" rating on shares of Netflix in a research note on Monday, May 5th. Oppenheimer reiterated an "outperform" rating and issued a $1,200.00 price target (up from $1,150.00) on shares of Netflix in a research report on Friday, April 18th. Finally, Pivotal Research boosted their target price 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 research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,102.79.

Netflix Stock Down 0.2%

Shares of Netflix stock traded down $2.58 on Friday, hitting $1,185.39. The company had a trading volume of 2,183,293 shares, compared to its average volume of 3,752,791. The firm has a market capitalization of $504.47 billion, a P/E ratio of 59.78, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,211.22. The stock has a 50-day moving average of $1,036.22 and a 200-day moving average of $960.54. 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 released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the business posted $8.28 EPS. Research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current 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.