Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Pinebridge Investments L.P.

Pinebridge Investments L.P. lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,011 shares of the Internet television network's stock after selling 12,500 shares during the period. Netflix makes up 0.6% of Pinebridge Investments L.P.'s holdings, making the stock its 27th biggest position. Pinebridge Investments L.P.'s holdings in Netflix were worth $78,446,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NFLX. West Michigan Advisors LLC grew its position in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares during the period. Warwick Investment Management Inc. raised its holdings in shares of Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after acquiring an additional 10 shares during the last quarter. MRP Capital Investments LLC raised its holdings in shares of Netflix by 1.0% during the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its holdings in shares of Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock valued at $412,000 after acquiring an additional 10 shares during the last quarter. Finally, Enzi Wealth raised its holdings in shares of Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after acquiring an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company's stock.

Netflix Stock Performance

Shares of Netflix stock traded up $4.66 on Friday, hitting $1,101.53. The stock had a trading volume of 3,944,668 shares, compared to its average volume of 3,708,273. The stock has a market cap of $468.78 billion, a price-to-earnings ratio of 55.55, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 52-week low of $544.25 and a 52-week high of $1,106.80. The company's 50 day moving average price is $955.92 and its 200 day moving average price is $906.10.

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 for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations 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 business earned $8.28 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company's stock, valued at approximately $362,933.10. This represents a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 273,855 shares of company stock worth $267,474,816. Insiders own 1.76% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Morgan Stanley increased their target price on Netflix from $1,150.00 to $1,200.00 and gave the company an "overweight" rating in a report on Monday, April 21st. Sanford C. Bernstein raised Netflix from a "market perform" rating to an "outperform" rating and increased their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Pivotal Research increased their price target on Netflix from $1,250.00 to $1,350.00 and gave the company a "buy" rating in a report on Monday, April 21st. FBN Securities initiated coverage on Netflix in a report on Thursday, March 27th. They issued an "outperform" rating and a $1,165.00 price target for the company. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $1,200.00 price target (up previously from $1,150.00) on shares of Netflix in a report on Friday, April 18th. Ten investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $1,072.12.

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.