Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Gordian Capital Singapore Pte Ltd

Gordian Capital Singapore Pte Ltd reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 24.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,152 shares of the Internet television network's stock after selling 2,270 shares during the period. Netflix makes up approximately 3.2% of Gordian Capital Singapore Pte Ltd's holdings, making the stock its 7th biggest holding. Gordian Capital Singapore Pte Ltd's holdings in Netflix were worth $6,375,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position 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 acquiring an additional 171,712 shares in the last quarter. FMR LLC boosted its stake in Netflix by 1.8% in the 4th 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 during the period. Geode Capital Management LLC increased its holdings 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 purchasing an additional 175,596 shares in the last quarter. Norges Bank acquired a new stake in shares of Netflix in the 4th quarter valued at about $5,019,087,000. Finally, Alliancebernstein L.P. raised its stake in shares of Netflix by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock valued at $4,582,568,000 after purchasing an additional 82,564 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX opened at $1,194.63 on Thursday. The company's 50-day moving average is $1,026.35 and its 200-day moving average is $954.65. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market capitalization of $508.40 billion, a PE ratio of 60.24, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,211.22.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the prior year, the business earned $8.28 EPS. Equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity

In related news, Director Ann Mather sold 1,358 shares of Netflix stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $1,150.00, for a total transaction of $1,561,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's stock in a transaction on Wednesday, February 26th. 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. Over the last quarter, insiders have sold 132,868 shares of company stock valued at $138,483,256. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on NFLX shares. Evercore ISI reaffirmed an "outperform" rating on shares of Netflix in a research report on Thursday, May 15th. Arete Research raised Netflix to a "hold" rating in a research report on Thursday, January 23rd. Bank of America lifted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a "buy" rating in a report on Wednesday, January 22nd. FBN Securities started coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price objective on the stock. Finally, StockNews.com downgraded shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $1,102.79.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.