USS Investment Management Ltd Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

USS Investment Management Ltd lowered its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,006 shares of the Internet television network's stock after selling 814 shares during the quarter. USS Investment Management Ltd's holdings in Netflix were worth $59,735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its holdings in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Transce3nd LLC acquired a new stake in shares of Netflix in the fourth quarter valued at $32,000. Newton One Investments LLC acquired a new position in Netflix during the 4th quarter worth about $34,000. Pineridge Advisors LLC lifted its stake in Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after acquiring an additional 40 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. boosted its holdings in Netflix by 4,500.0% during the 4th quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock valued at $41,000 after acquiring an additional 45 shares during the period. Hedge funds and other institutional investors own 80.93% of the company's stock.

Insider Activity at Netflix

In related news, Director Ann Mather sold 1,358 shares of the firm's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $1,150.00, for a total value of $1,561,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 132,868 shares of company stock worth $138,483,256 over the last 90 days. Company insiders own 1.76% of the company's stock.

Netflix Stock Performance

Shares of NFLX traded up $2.61 during mid-day trading on Wednesday, hitting $1,194.63. 2,969,681 shares of the company's stock were exchanged, compared to its average volume of 3,754,515. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,211.22. The firm has a market capitalization of $508.40 billion, a P/E ratio of 60.24, a P/E/G ratio of 2.12 and a beta of 1.58. The business's 50 day moving average is $1,026.35 and its two-hundred day moving average is $954.65. 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 announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share 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 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 firm earned $8.28 earnings per share. On average, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NFLX shares. The Goldman Sachs Group upped their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $1,220.00 price objective (up from $1,150.00) on shares of Netflix in a research note on Monday. BMO Capital Markets reiterated an "outperform" rating and issued a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. Guggenheim restated a "buy" rating and set a $1,150.00 price target (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Finally, StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Eleven research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Netflix has a consensus rating of "Moderate Buy" and an average target price of $1,102.79.

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.