Gilder Gagnon Howe & Co. LLC Reduces Stake in Netflix, Inc. (NASDAQ:NFLX)

Gilder Gagnon Howe & Co. LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 2.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 502,434 shares of the Internet television network's stock after selling 13,818 shares during the period. Netflix accounts for approximately 4.8% of Gilder Gagnon Howe & Co. LLC's holdings, making the stock its 2nd biggest holding. Gilder Gagnon Howe & Co. LLC owned 0.12% of Netflix worth $447,830,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Coldstream Capital Management Inc. grew its position in shares of Netflix by 0.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 11,515 shares of the Internet television network's stock worth $10,263,000 after acquiring an additional 64 shares in the last quarter. UP Strategic Wealth Investment Advisors LLC increased its stake in Netflix by 55.4% during the fourth quarter. UP Strategic Wealth Investment Advisors LLC now owns 449 shares of the Internet television network's stock valued at $400,000 after purchasing an additional 160 shares during the last quarter. Three Seasons Wealth LLC acquired a new stake in shares of Netflix during the fourth quarter worth $2,514,000. Voya Financial Advisors Inc. raised its holdings in shares of Netflix by 37.9% during the fourth quarter. Voya Financial Advisors Inc. now owns 1,117 shares of the Internet television network's stock worth $1,006,000 after purchasing an additional 307 shares during the period. Finally, Nebula Research & Development LLC acquired a new position in shares of Netflix in the 4th quarter valued at about $508,000. Institutional investors and hedge funds own 80.93% of the company's stock.

Insider Buying and Selling

In other news, Director Ann Mather sold 2,682 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. 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 ninety days, insiders sold 274,495 shares of company stock worth $268,176,922. Corporate insiders own 1.76% of the company's stock.

Netflix Stock Down 0.6 %

Netflix stock traded down $6.20 during mid-day trading on Wednesday, hitting $1,119.44. The company's stock had a trading volume of 2,088,475 shares, compared to its average volume of 3,707,646. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 52-week low of $544.25 and a 52-week high of $1,127.81. The firm's 50 day moving average is $959.28 and its 200 day moving average is $910.31. The company has a market cap of $476.40 billion, a PE ratio of 56.45, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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 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 analysts' expectations of $10.51 billion. During the same period last year, the company posted $8.28 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on NFLX shares. Macquarie raised their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an "outperform" rating in a report on Monday, April 21st. Seaport Res Ptn upgraded Netflix from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Barclays increased their target price on Netflix from $900.00 to $1,000.00 and gave the stock an "equal weight" rating in a research report on Monday, April 21st. Deutsche Bank Aktiengesellschaft upped their price target on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research report on Wednesday, January 22nd. Finally, Robert W. Baird lifted their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,072.12.

Netflix Company 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.