Bedrijfstakpensioenfonds Voor DE Media PNO Sells 11,000 Shares of Netflix, Inc. (NFLX)

Bedrijfstakpensioenfonds Voor DE Media PNO decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 22.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,000 shares of the Internet television network’s stock after selling 11,000 shares during the quarter. Netflix comprises about 2.0% of Bedrijfstakpensioenfonds Voor DE Media PNO’s investment portfolio, making the stock its 26th largest position. Bedrijfstakpensioenfonds Voor DE Media PNO’s holdings in Netflix were worth $10,439,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in NFLX. Vanguard Group Inc. increased its stake in Netflix by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 30,143,430 shares of the Internet television network’s stock worth $11,277,562,000 after buying an additional 249,147 shares during the period. Vanguard Group Inc increased its stake in Netflix by 0.8% in the 3rd quarter. Vanguard Group Inc now owns 30,143,430 shares of the Internet television network’s stock worth $11,277,562,000 after buying an additional 249,147 shares during the period. FMR LLC increased its stake in Netflix by 6.1% in the 2nd quarter. FMR LLC now owns 26,511,408 shares of the Internet television network’s stock worth $10,377,360,000 after buying an additional 1,534,290 shares during the period. Capital World Investors increased its stake in Netflix by 4.6% in the 3rd quarter. Capital World Investors now owns 10,188,305 shares of the Internet television network’s stock worth $3,811,751,000 after buying an additional 443,510 shares during the period. Finally, Jennison Associates LLC increased its stake in Netflix by 3.9% in the 3rd quarter. Jennison Associates LLC now owns 8,806,550 shares of the Internet television network’s stock worth $3,294,795,000 after buying an additional 328,527 shares during the period. 73.98% of the stock is currently owned by institutional investors.

NFLX traded down $9.91 during trading on Tuesday, reaching $329.19. 4,099,300 shares of the company’s stock were exchanged, compared to its average volume of 13,973,213. Netflix, Inc. has a 1 year low of $218.50 and a 1 year high of $423.21. The company has a current ratio of 1.49, a quick ratio of 1.39 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $147.88 billion, a PE ratio of 122.83, a P/E/G ratio of 2.79 and a beta of 1.12.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, January 17th. The Internet television network reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The company had revenue of $4.19 billion during the quarter, compared to analyst estimates of $4.21 billion. During the same period last year, the firm posted $0.41 EPS. Netflix’s revenue for the quarter was up 27.4% compared to the same quarter last year. As a group, analysts predict that Netflix, Inc. will post 4.04 EPS for the current fiscal year.

Several brokerages have issued reports on NFLX. Goldman Sachs Group set a $470.00 target price on shares of Netflix and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Sanford C. Bernstein reiterated a “buy” rating and set a $465.00 target price on shares of Netflix in a report on Wednesday, October 17th. Raymond James dropped their target price on shares of Netflix from $445.00 to $400.00 and set an “outperform” rating on the stock in a report on Monday, October 15th. JPMorgan Chase & Co. dropped their target price on shares of Netflix from $425.00 to $425.00 and set an “overweight” rating on the stock in a report on Monday, January 14th. Finally, Wedbush increased their target price on shares of Netflix from $125.00 to $150.00 and gave the stock an “underperform” rating in a report on Wednesday, October 17th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $375.25.

In other news, Director Anne M. Sweeney sold 2,569 shares of Netflix stock in a transaction that occurred on Tuesday, January 15th. The shares were sold at an average price of $350.00, for a total transaction of $899,150.00. Following the completion of the transaction, the director now directly owns 539 shares of the company’s stock, valued at approximately $188,650. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 63,147 shares of Netflix stock in a transaction that occurred on Monday, December 24th. The shares were sold at an average price of $241.12, for a total transaction of $15,226,004.64. Following the transaction, the chief executive officer now directly owns 63,147 shares of the company’s stock, valued at $15,226,004.64. The disclosure for this sale can be found here. Insiders have sold a total of 161,783 shares of company stock valued at $42,364,285 over the last three months. 4.29% of the stock is currently owned by insiders.

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Netflix Company Profile

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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