Focus Partners Wealth Has $47.41 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Focus Partners Wealth lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 93.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 51,993 shares of the Internet television network's stock after selling 713,847 shares during the quarter. Focus Partners Wealth's holdings in Netflix were worth $47,409,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Norges Bank bought a new stake in Netflix during the fourth quarter valued at about $5,019,087,000. Proficio Capital Partners LLC increased its holdings in shares of Netflix by 123,836.7% in the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network's stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Netflix by 59.3% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock worth $2,051,016,000 after acquiring an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Netflix by 318.9% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock worth $870,752,000 after buying an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Netflix by 14.3% in the fourth quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network's stock valued at $4,076,903,000 after acquiring an additional 570,674 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Barclays lifted their price objective on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a report on Monday, April 21st. StockNews.com lowered shares of Netflix from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. Robert W. Baird boosted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. The Goldman Sachs Group raised their price target on shares of Netflix from $850.00 to $960.00 and gave the stock a "neutral" rating in a report on Wednesday, January 22nd. Finally, Arete Research raised shares of Netflix to a "hold" rating in a report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and an average price target of $1,084.91.

Netflix Stock Up 2.4%

NFLX stock traded up $26.68 during trading hours on Tuesday, hitting $1,136.68. The company's stock had a trading volume of 758,118 shares, compared to its average volume of 3,740,731. The stock has a 50 day moving average price of $987.35 and a two-hundred day moving average price of $936.79. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,164.00. The company has a market capitalization of $483.74 billion, a PE ratio of 57.16, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the business posted $8.28 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In related news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Ann Mather sold 1,358 shares of the business's stock in a transaction 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 disclosure for this sale can be found here. Insiders have sold a total of 128,949 shares of company stock worth $134,077,281 over the last 90 days. Insiders own 1.76% 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.