Grace & Mercy Foundation Inc. Has $52.14 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Grace & Mercy Foundation Inc. lowered its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,500 shares of the Internet television network's stock after selling 5,400 shares during the period. Netflix makes up approximately 11.7% of Grace & Mercy Foundation Inc.'s investment portfolio, making the stock its 5th largest holding. Grace & Mercy Foundation Inc.'s holdings in Netflix were worth $52,142,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Watts Gwilliam & Co. LLC increased its stake in shares of Netflix by 10.1% in the 4th 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 in the last quarter. Baker Tilly Wealth Management LLC raised its position 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 acquiring an additional 161 shares during the period. Hilltop National Bank lifted 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 valued at $3,217,000 after purchasing an additional 92 shares in the last quarter. ORG Wealth Partners LLC raised its position in shares of Netflix by 5.8% during the 4th 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 last quarter. Finally, Highline Wealth Partners LLC lifted its stake in Netflix by 2.5% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 2,027 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the transaction, the chief executive officer now owns 12,781 shares of the company's stock, valued at approximately $14,589,639.31. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the company's 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 value of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 127,591 shares of company stock worth $132,515,581 in the last quarter. 1.76% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group reduced 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 report on Tuesday, April 15th. Benchmark reissued a "hold" rating on shares of Netflix in a research report on Monday, April 21st. Pivotal Research lifted their price objective on shares of Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, April 21st. Robert W. Baird boosted their price objective on Netflix from $875.00 to $1,200.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 22nd. Finally, Phillip Securities upgraded Netflix from a "moderate sell" rating to a "hold" rating in a research note on Monday, April 21st. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Netflix presently has a consensus rating of "Moderate Buy" and an average price target of $1,084.91.

Netflix Stock Down 2.7%

Shares of NFLX stock traded down $30.22 during trading hours on Monday, reaching $1,110.00. The company had a trading volume of 6,471,976 shares, compared to its average volume of 3,751,014. The company has a market capitalization of $472.38 billion, a P/E ratio of 55.98, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a twelve month low of $587.04 and a twelve month high of $1,164.00. The stock's fifty day simple moving average is $984.97 and its 200 day simple moving average is $934.31.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter last year, the company earned $8.28 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.