Birinyi Associates Inc. Lowers Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Birinyi Associates Inc. cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 87.1% in the 4th quarter, HoldingsChannel reports. The firm owned 550 shares of the Internet television network’s stock after selling 3,721 shares during the period. Birinyi Associates Inc.’s holdings in Netflix were worth $490,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. AMF Tjanstepension AB raised its position in Netflix by 7.4% during the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock valued at $48,557,000 after purchasing an additional 4,701 shares in the last quarter. Swedbank AB increased its position in shares of Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in Netflix by 17.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 634 shares of the Internet television network’s stock worth $450,000 after buying an additional 92 shares during the last quarter. Modera Wealth Management LLC boosted its stake in Netflix by 5.5% in the third quarter. Modera Wealth Management LLC now owns 1,758 shares of the Internet television network’s stock worth $1,247,000 after buying an additional 92 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC grew its position in Netflix by 43.5% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,457 shares of the Internet television network’s stock valued at $1,033,000 after acquiring an additional 442 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 1.1 %

NASDAQ:NFLX opened at $977.24 on Wednesday. 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 firm’s 50-day moving average price is $943.06 and its 200-day moving average price is $826.31. The company has a market capitalization of $418.02 billion, a PE ratio of 49.28, a P/E/G 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 announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion for the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the company earned $2.11 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. On average, equities analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders have sold 303,220 shares of company stock worth $289,856,164 in the last 90 days. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of recent research reports. 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 boosted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Oppenheimer upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Citigroup lifted their price objective on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Macquarie increased their target price on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.