Worldquant Millennium Advisors LLC Decreases Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Worldquant Millennium Advisors LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 66.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,191 shares of the Internet television network's stock after selling 101,444 shares during the period. Worldquant Millennium Advisors LLC's holdings in Netflix were worth $44,736,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC raised its stake in Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after buying an additional 14 shares in the last quarter. Transce3nd LLC purchased a new position in shares of Netflix during the fourth quarter worth about $32,000. Newton One Investments LLC purchased a new position in shares of Netflix during the fourth quarter worth about $34,000. Pineridge Advisors LLC grew its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. grew its holdings in shares of Netflix by 4,500.0% during the fourth quarter. Stuart Chaussee & Associates Inc. now owns 46 shares of the Internet television network's stock worth $41,000 after buying an additional 45 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NFLX. Evercore ISI reissued an "outperform" rating on shares of Netflix in a report on Thursday, May 15th. Guggenheim reiterated a "buy" rating and set a $1,150.00 price target (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Morgan Stanley lifted their price objective on Netflix from $1,150.00 to $1,200.00 and gave the stock an "overweight" rating in a research report on Monday, April 21st. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $1,220.00 target price (up from $1,150.00) on shares of Netflix in a research note on Monday. Finally, Citigroup reissued a "neutral" rating on shares of Netflix in a research note on Monday, May 5th. Eleven 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's stock. According to data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,102.79.

Insider Buying and Selling

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jay C. Hoag sold 32,515 shares of the firm's stock in a transaction on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director now directly owns 79,040 shares of the company's stock, valued at $87,099,708.80. The trade was a 29.15% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 132,868 shares of company stock valued at $138,483,256. 1.76% of the stock is owned by insiders.

Netflix Trading Up 0.2%

NASDAQ: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 3,754,513. The company has a 50 day simple moving average of $1,026.35 and a 200-day simple moving average of $954.65. The firm has a market capitalization of $508.40 billion, a P/E ratio of 60.24, a PEG 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, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,210.94.

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 during 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 previous year, the business posted $8.28 EPS. As a group, research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.