Rockefeller Capital Management L.P. Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Rockefeller Capital Management L.P. cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 111,389 shares of the Internet television network’s stock after selling 6,966 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Netflix were worth $78,869,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Denver PWM LLC purchased a new position in shares of Netflix in the 2nd quarter worth $25,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Netflix during the third quarter worth about $25,000. Proffitt & Goodson Inc. grew its stake in shares of Netflix by 380.0% in the second quarter. Proffitt & Goodson Inc. now owns 48 shares of the Internet television network’s stock valued at $32,000 after buying an additional 38 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. Finally, AlphaMark Advisors LLC lifted its position in Netflix by 642.9% during the 2nd quarter. AlphaMark Advisors LLC now owns 52 shares of the Internet television network’s stock worth $35,000 after acquiring an additional 45 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders have sold a total of 185,866 shares of company stock valued at $133,393,921 over the last three months. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 0.5 %

Netflix stock opened at $877.34 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The business’s 50-day simple moving average is $769.29 and its 200-day simple moving average is $697.66. The firm has a market capitalization of $375.03 billion, a PE ratio of 49.65, a PEG ratio of 1.69 and a beta of 1.25. Netflix, Inc. has a 52 week low of $445.73 and a 52 week high of $908.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. Equities research analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Benchmark restated a “sell” rating and issued a $545.00 target price on shares of Netflix in a research note on Tuesday, October 15th. Bank of America raised their target price on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. China Renaissance assumed coverage on Netflix in a report on Thursday, September 5th. They set a “hold” rating and a $680.00 target price for the company. Jefferies Financial Group raised their price target on Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Wedbush restated an “outperform” rating and set a $950.00 price objective (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have assigned a buy rating to the company. According to data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $764.82.

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.