Mutual of America Capital Management LLC Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Mutual of America Capital Management LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,200 shares of the Internet television network’s stock after selling 1,640 shares during the period. Netflix makes up about 0.5% of Mutual of America Capital Management LLC’s holdings, making the stock its 22nd biggest holding. Mutual of America Capital Management LLC’s holdings in Netflix were worth $45,636,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Flputnam Investment Management Co. lifted its holdings in shares of Netflix by 11.0% in the 4th quarter. Flputnam Investment Management Co. now owns 13,468 shares of the Internet television network’s stock worth $12,004,000 after acquiring an additional 1,335 shares during the last quarter. Tufton Capital Management lifted its holdings in shares of Netflix by 9.4% in the 4th quarter. Tufton Capital Management now owns 838 shares of the Internet television network’s stock worth $747,000 after acquiring an additional 72 shares during the last quarter. Waterway Wealth Management LLC lifted its holdings in shares of Netflix by 10.4% in the 4th quarter. Waterway Wealth Management LLC now owns 423 shares of the Internet television network’s stock worth $377,000 after acquiring an additional 40 shares during the last quarter. Dynasty Wealth Management LLC lifted its holdings in shares of Netflix by 3.6% in the 4th quarter. Dynasty Wealth Management LLC now owns 3,397 shares of the Internet television network’s stock worth $3,028,000 after acquiring an additional 118 shares during the last quarter. Finally, Private Trust Co. NA lifted its holdings in shares of Netflix by 9.0% in the 4th quarter. Private Trust Co. NA now owns 2,942 shares of the Internet television network’s stock worth $2,622,000 after acquiring an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on NFLX. UBS Group boosted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Evercore ISI upped their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Barclays raised shares of Netflix from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. KeyCorp increased their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Finally, Argus increased their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Up 1.8 %

Shares of Netflix stock opened at $980.56 on Friday. 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 50-day moving average of $947.72 and a 200 day moving average of $830.81. The firm has a market cap of $419.44 billion, a price-to-earnings ratio of 49.45, a PEG ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business earned $2.11 EPS. As a group, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Netflix news, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 303,380 shares of company stock worth $290,016,164 in the last three months. 1.76% of the stock is owned by corporate 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.