Mn Services Vermogensbeheer B.V. Sells 12,400 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mn Services Vermogensbeheer B.V. cut its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 7.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 160,800 shares of the Internet television network's stock after selling 12,400 shares during the period. Netflix makes up approximately 1.2% of Mn Services Vermogensbeheer B.V.'s investment portfolio, making the stock its 14th largest position. Mn Services Vermogensbeheer B.V.'s holdings in Netflix were worth $149,951,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. lifted its position 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 valued at $33,413,809,000 after acquiring an additional 171,712 shares during the period. FMR LLC raised its position in Netflix by 1.8% in the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock valued at $18,617,081,000 after purchasing an additional 375,234 shares during the last quarter. Geode Capital Management LLC raised 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 valued at $8,287,823,000 after acquiring an additional 175,596 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Netflix by 109,524.3% during the first quarter. GAMMA Investing LLC now owns 8,835,722 shares of the Internet television network's stock worth $8,239,576,000 after purchasing an additional 8,827,662 shares during the period. Finally, Norges Bank bought a new stake in shares of Netflix in the fourth quarter worth $5,019,087,000. 80.93% of the stock is owned by institutional investors.

Netflix Stock Up 0.1%

NFLX stock traded up $1.62 during mid-day trading on Wednesday, reaching $1,222.29. 2,274,909 shares of the company traded hands, compared to its average volume of 3,742,152. The stock has a market cap of $520.17 billion, a price-to-earnings ratio of 57.76, a P/E/G ratio of 2.37 and a beta of 1.59. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,262.81. The firm's 50 day moving average price is $1,132.97 and its 200 day moving average price is $1,004.83. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 39.61% and a net margin of 23.07%. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter in the prior year, the company posted $8.28 earnings per share. As a group, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on NFLX shares. Loop Capital reiterated a "hold" rating on shares of Netflix in a research report on Monday, March 24th. Morgan Stanley upped their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday, April 21st. BMO Capital Markets restated an "outperform" rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Wells Fargo & Company boosted their price target on shares of Netflix from $1,210.00 to $1,222.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. Finally, Jefferies Financial Group upped their price objective on shares of Netflix from $1,200.00 to $1,400.00 and gave the company a "buy" rating in a research note on Tuesday, June 3rd. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,156.73.

Insiders Place Their Bets

In other news, Director Jay C. Hoag sold 31,750 shares of the firm's stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $1,252.35, for a total transaction of $39,762,112.50. Following the completion of the sale, the director now owns 63,040 shares in the company, valued at $78,948,144. This trade represents a 33.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction on Monday, April 21st. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 185,140 shares of company stock valued at $210,271,552. Corporate insiders own 1.37% of the company's stock.

Netflix 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.