Moore Capital Management LP Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Moore Capital Management LP cut its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 45.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,825 shares of the Internet television network's stock after selling 12,378 shares during the quarter. Moore Capital Management LP's holdings in Netflix were worth $13,214,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of NFLX. Norges Bank bought a new position in shares of Netflix in the fourth quarter worth approximately $5,019,087,000. Proficio Capital Partners LLC boosted its holdings in shares of Netflix by 123,836.7% in the 4th 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 in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Netflix by 59.3% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network's stock valued at $2,051,016,000 after purchasing an additional 856,307 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Netflix by 318.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network's stock valued at $870,752,000 after buying an additional 743,724 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of Netflix by 14.3% in the 4th 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 last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

NASDAQ:NFLX opened at $1,139.81 on Monday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market cap of $485.07 billion, a price-to-earnings ratio of 57.48, a PEG ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,164.00. The stock's 50 day simple moving average is $984.97 and its two-hundred 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 EPS for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period last year, the company posted $8.28 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Benchmark reaffirmed a "hold" rating on shares of Netflix in a research note on Monday, April 21st. Bank of America increased their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a report on Wednesday, January 22nd. Robert W. Baird boosted their target price on Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Citigroup restated a "neutral" rating on shares of Netflix in a report on Monday, May 5th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $1,150.00 target price (up from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and an average price target of $1,084.91.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the sale, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. The trade was a 98.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 2,027 shares of the company's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the transaction, the chief executive officer now owns 12,781 shares in the company, valued at $14,589,639.31. This represents a 13.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 127,591 shares of company stock worth $132,515,581. 1.76% of the stock is currently owned by company insiders.

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.

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