NCP Inc. Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

NCP Inc. decreased its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 74.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,577 shares of the Internet television network's stock after selling 7,531 shares during the quarter. Netflix accounts for approximately 3.2% of NCP Inc.'s holdings, making the stock its 11th largest position. NCP Inc.'s holdings in Netflix were worth $2,403,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NFLX. GAMMA Investing LLC grew its position in Netflix by 109,524.3% in the 1st 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 last quarter. Norges Bank bought a new position in shares of Netflix in the fourth quarter worth $5,019,087,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after purchasing an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after purchasing an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock worth $4,076,903,000 after purchasing an additional 570,674 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Performance

NFLX traded up $3.98 on Thursday, hitting $1,180.76. The company's stock had a trading volume of 3,837,986 shares, compared to its average volume of 3,866,021. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,341.15. The firm has a market cap of $501.74 billion, a P/E ratio of 50.31, a price-to-earnings-growth ratio of 1.98 and a beta of 1.59. The company has a quick ratio of 1.20, a current ratio of 1.34 and a debt-to-equity ratio of 0.58. The company's 50 day simple moving average is $1,236.60 and its 200-day simple moving average is $1,067.26.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, July 17th. The Internet television network reported $7.19 earnings per share for the quarter, topping analysts' consensus estimates of $7.07 by $0.12. Netflix had a net margin of 24.58% and a return on equity of 42.50%. The business had revenue of $11.08 billion for the quarter, compared to analyst estimates of $11.04 billion. During the same quarter in the prior year, the firm posted $4.88 EPS. Netflix's revenue was up 15.9% on a year-over-year basis. Analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the subject of a number of research reports. TD Cowen increased their price target on Netflix from $1,440.00 to $1,450.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research note on Friday, April 18th. Macquarie increased their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Monday, April 21st. Needham & Company LLC reaffirmed a "buy" rating and issued a $1,500.00 price target on shares of Netflix in a report on Friday, July 18th. Finally, Cfra Research raised Netflix to a "strong-buy" rating in a research note on Monday, April 28th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Netflix presently has a consensus rating of "Moderate Buy" and an average target price of $1,297.66.

Insider Activity at Netflix

In other news, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director owned 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This represents a 29.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the transaction, the chief financial officer directly owned 3,691 shares of the company's stock, valued at approximately $4,179,614.58. This trade represents a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 186,563 shares of company stock valued at $223,147,201 over the last ninety days. 1.37% of the stock is currently owned by insiders.

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.