Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 39.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 178,379 shares of the Internet television network's stock after selling 118,606 shares during the period. Toronto Dominion Bank's holdings in Netflix were worth $158,992,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Netflix by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock worth $33,413,809,000 after acquiring an additional 171,712 shares in the last quarter. FMR LLC lifted its stake in Netflix by 1.8% during the 4th quarter. FMR LLC now owns 20,887,090 shares of the Internet television network's stock worth $18,617,081,000 after acquiring an additional 375,234 shares in the last quarter. Geode Capital Management LLC lifted its stake in Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network's stock worth $8,287,823,000 after acquiring an additional 175,596 shares in the last quarter. Norges Bank acquired a new position in Netflix during the 4th quarter worth about $5,019,087,000. Finally, Alliancebernstein L.P. lifted its stake in Netflix by 1.6% during the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after acquiring an additional 82,564 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Stock Performance

NASDAQ:NFLX traded up $0.11 during mid-day trading on Monday, reaching $1,191.64. 2,848,640 shares of the stock were exchanged, compared to its average volume of 3,761,198. The company has a 50 day simple moving average of $1,009.34 and a 200-day simple moving average of $948.26. The stock has a market capitalization of $507.13 billion, a P/E ratio of 60.09, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,196.50.

Netflix (NASDAQ:NFLX - Get Free Report) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the business posted $8.28 EPS. Analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on NFLX. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $1,220.00 target price (up previously from $1,150.00) on shares of Netflix in a research note on Monday. Sanford C. Bernstein upgraded Netflix from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. Rosenblatt Securities upped their price target on Netflix from $1,494.00 to $1,514.00 and gave the stock a "buy" rating in a report on Monday, April 21st. Finally, Evercore ISI restated an "outperform" rating on shares of Netflix in a report on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $1,102.79.

Insiders Place Their Bets

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total transaction of $35,830,554.55. Following the completion of the sale, the director now directly owns 79,040 shares of the company's stock, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Cletus R. Willems sold 298 shares of the stock in a transaction that occurred on Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the sale, the insider now directly owns 31,610 shares of the company's stock, valued at $35,972,180. The trade was a 0.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,868 shares of company stock valued at $138,483,256. 1.76% of the stock is 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.