Axa S.A. Sells 11,190 Shares of Netflix, Inc. (NASDAQ:NFLX)

AXA S.A. lessened its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 8.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,605 shares of the Internet television network's stock after selling 11,190 shares during the period. AXA S.A.'s holdings in Netflix were worth $112,846,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network's stock valued at $33,413,809,000 after acquiring an additional 171,712 shares during the period. FMR LLC raised its position in shares of 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 buying an additional 375,234 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Netflix by 1.9% in 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 during the period. Norges Bank bought a new stake in Netflix during the fourth quarter worth approximately $5,019,087,000. Finally, Alliancebernstein L.P. lifted its position in Netflix by 1.6% in the fourth quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network's stock worth $4,582,568,000 after purchasing an additional 82,564 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $3.63 during trading on Tuesday, reaching $1,137.69. The company had a trading volume of 3,124,492 shares, compared to its average volume of 3,727,711. Netflix, Inc. has a 52 week low of $580.25 and a 52 week high of $1,159.44. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The business's 50 day moving average price is $971.22 and its 200-day moving average price is $923.56. The stock has a market cap of $484.17 billion, a PE ratio of 57.37, a PEG ratio of 2.12 and a beta of 1.55.

Netflix (NASDAQ:NFLX - Get Free Report) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping analysts' consensus estimates 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 return on equity of 38.32% and a net margin of 22.34%. During the same quarter in the previous year, the company posted $8.28 earnings per share. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,434 shares of Netflix stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $1,015.00, for a total value of $4,500,510.00. Following the sale, the chief executive officer now owns 12,950 shares of the company's stock, valued at $13,144,250. This trade represents a 25.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of the company's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $1,132.38, for a total value of $2,945,320.38. Following the transaction, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at $4,179,614.58. This represents a 41.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 137,451 shares of company stock worth $142,194,072 in the last three months. Insiders own 1.76% of the company's stock.

Wall Street Analysts Forecast Growth

NFLX has been the subject of several research reports. Robert W. Baird raised 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. Oppenheimer reaffirmed an "outperform" rating and issued a $1,200.00 price objective (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. BMO Capital Markets restated an "outperform" rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a report on Friday, April 18th. FBN Securities started coverage on shares of Netflix in a research report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target on the stock. Finally, Wolfe Research upgraded Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price objective for the company in a research report on Thursday, January 23rd. Ten 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. Based on data from MarketBeat.com, Netflix has an average rating of "Moderate Buy" and a consensus target price of $1,084.91.

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.