Mattson Financial Services LLC Sells 411 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mattson Financial Services LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 14.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,414 shares of the Internet television network's stock after selling 411 shares during the period. Mattson Financial Services LLC's holdings in Netflix were worth $2,152,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NFLX. Vanguard Group Inc. boosted its stake in shares of Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after acquiring an additional 171,712 shares during the last quarter. FMR LLC grew its stake in shares of Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after acquiring an additional 375,234 shares during the period. Geode Capital Management LLC raised its stake in 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 acquiring an additional 175,596 shares during the period. Norges Bank purchased a new position in Netflix during the fourth quarter valued at approximately $5,019,087,000. Finally, Alliancebernstein L.P. boosted its position in shares of Netflix by 1.6% in 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 during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Bradford L. Smith sold 3,919 shares of Netflix stock in a transaction on Monday, May 12th. The stock was sold at an average price of $1,124.26, for a total transaction of $4,405,974.94. Following the completion of the sale, the director now directly owns 7,969 shares in the company, valued at approximately $8,959,227.94. This trade represents a 32.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 640 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $1,194.77, for a total transaction of $764,652.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 133,348 shares of company stock valued at $139,087,908. Company insiders own 1.37% of the company's stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Wall Street Zen downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Phillip Securities raised Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Macquarie lifted their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Rosenblatt Securities boosted their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Benchmark reaffirmed a "hold" rating on shares of Netflix in a report on Monday, April 21st. Eleven equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,122.33.

Netflix Trading Up 1.5%

Shares of NASDAQ NFLX traded up $17.26 during trading hours on Friday, hitting $1,202.12. 4,681,424 shares of the company traded hands, compared to its average volume of 3,753,352. The company's 50 day moving average price is $1,055.18 and its 200 day moving average price is $971.66. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,215.91. The stock has a market capitalization of $511.59 billion, a price-to-earnings ratio of 60.62, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. 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 - Get Free Report) last posted 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 company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the firm earned $8.28 earnings per share. On average, equities research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.