Retirement Systems of Alabama Sells 36,656 Shares of Netflix, Inc. (NASDAQ:NFLX)

Retirement Systems of Alabama lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 247,042 shares of the Internet television network's stock after selling 36,656 shares during the period. Retirement Systems of Alabama owned 0.06% of Netflix worth $120,280,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of NFLX. KFA Private Wealth Group LLC increased its stake in shares of Netflix by 1.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network's stock valued at $466,000 after buying an additional 18 shares in the last quarter. Addison Advisors LLC boosted its holdings in Netflix by 7.8% in the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network's stock valued at $134,000 after acquiring an additional 20 shares during the last quarter. Regent Peak Wealth Advisors LLC boosted its holdings in Netflix by 1.6% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network's stock valued at $635,000 after acquiring an additional 21 shares during the last quarter. Capital Advisors Ltd. LLC boosted its holdings in Netflix by 5.9% in the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network's stock valued at $191,000 after acquiring an additional 22 shares during the last quarter. Finally, Centurion Wealth Management LLC boosted its holdings in Netflix by 2.4% in the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network's stock valued at $479,000 after acquiring an additional 23 shares during the last quarter. Institutional investors own 80.93% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on NFLX shares. Seaport Res Ptn cut Netflix from a "buy" rating to a "neutral" rating in a report on Tuesday, January 30th. The Goldman Sachs Group raised their price target on Netflix from $500.00 to $565.00 and gave the company a "neutral" rating in a report on Wednesday, January 24th. JPMorgan Chase & Co. raised their price target on Netflix from $610.00 to $650.00 and gave the company an "overweight" rating in a report on Monday, April 8th. Piper Sandler raised their price target on Netflix from $550.00 to $600.00 and gave the company a "neutral" rating in a report on Friday, April 12th. Finally, Citigroup raised their target price on Netflix from $555.00 to $660.00 and gave the stock a "neutral" rating in a report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $630.58.

Netflix Stock Down 0.6 %

Shares of NASDAQ:NFLX traded down $3.57 during trading on Friday, hitting $561.23. 4,332,593 shares of the company were exchanged, compared to its average volume of 4,190,527. The stock has a market cap of $241.83 billion, a price-to-earnings ratio of 38.95, a P/E/G ratio of 1.37 and a beta of 1.22. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The firm has a fifty day moving average price of $604.54 and a two-hundred day moving average price of $521.57. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX - Get Free Report) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts' consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm's revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.88 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 18.13 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 68,957 shares of the business's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the company's stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 20,734 shares of the company's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $567.16, for a total value of $11,759,495.44. The disclosure for this sale can be found here. Insiders sold 154,573 shares of company stock worth $89,548,241 in the last ninety days. 2.45% of the stock is owned by company insiders.

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.