Gotham Asset Management LLC Sells 9,038 Shares of Netflix, Inc. (NASDAQ:NFLX)

Gotham Asset Management LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 30.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,994 shares of the Internet television network's stock after selling 9,038 shares during the period. Gotham Asset Management LLC's holdings in Netflix were worth $18,712,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Watts Gwilliam & Co. LLC boosted its position in Netflix by 10.1% during the fourth quarter. Watts Gwilliam & Co. LLC now owns 5,120 shares of the Internet television network's stock valued at $4,501,000 after purchasing an additional 471 shares during the last quarter. Baker Tilly Wealth Management LLC grew its holdings in Netflix by 5.0% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 3,376 shares of the Internet television network's stock worth $3,009,000 after purchasing an additional 161 shares during the period. Hilltop National Bank grew its holdings in Netflix by 2.6% during the fourth quarter. Hilltop National Bank now owns 3,609 shares of the Internet television network's stock worth $3,217,000 after purchasing an additional 92 shares during the period. ORG Wealth Partners LLC grew its holdings in Netflix by 5.8% during the fourth quarter. ORG Wealth Partners LLC now owns 760 shares of the Internet television network's stock worth $677,000 after purchasing an additional 42 shares during the period. Finally, Highline Wealth Partners LLC lifted its position in shares of Netflix by 2.5% in the fourth quarter. Highline Wealth Partners LLC now owns 710 shares of the Internet television network's stock valued at $633,000 after buying an additional 17 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on NFLX. Piper Sandler set a $1,150.00 price objective on Netflix and gave the company an "overweight" rating in a research report on Monday, April 21st. StockNews.com cut Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Barclays increased their price target on Netflix from $900.00 to $1,000.00 and gave the company an "equal weight" rating in a research note on Monday, April 21st. UBS Group cut their target price on shares of Netflix from $1,150.00 to $1,140.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Netflix from $650.00 to $875.00 and gave the stock a "hold" rating in a research note on Wednesday, January 22nd. 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, the company currently has an average rating of "Moderate Buy" and an average price target of $1,084.91.

Insider Activity

In related news, insider Cletus R. Willems sold 298 shares of the business's stock in a transaction on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total transaction of $339,124.00. Following the sale, the insider now owns 31,610 shares in the company, valued at $35,972,180. The trade was a 0.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,939 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This represents a 27.61% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,530 shares of company stock worth $137,602,751. Insiders own 1.76% of the company's stock.

Netflix Price Performance

Shares of NFLX traded down $4.62 during midday trading on Friday, hitting $1,139.81. The company's stock had a trading volume of 2,565,837 shares, compared to its average volume of 3,740,061. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,164.00. The company's fifty day simple moving average is $984.97 and its two-hundred day simple moving average is $934.31. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $485.07 billion, a price-to-earnings ratio of 57.48, 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 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $10.51 billion. During the same quarter last year, the company posted $8.28 EPS. As a group, equities analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.