One Capital Management LLC Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

One Capital Management LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLXFree Report) by 8.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,445 shares of the Internet television network’s stock after selling 221 shares during the quarter. One Capital Management LLC’s holdings in Netflix were worth $1,190,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Assetmark Inc. raised its stake in Netflix by 15.3% in the 3rd quarter. Assetmark Inc. now owns 6,904 shares of the Internet television network’s stock valued at $2,607,000 after acquiring an additional 914 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in Netflix by 1.8% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 1,894 shares of the Internet television network’s stock valued at $715,000 after acquiring an additional 34 shares during the period. Congress Wealth Management LLC DE raised its stake in Netflix by 24.5% in the 3rd quarter. Congress Wealth Management LLC DE now owns 2,831 shares of the Internet television network’s stock valued at $1,069,000 after acquiring an additional 558 shares during the period. Bank of Stockton bought a new stake in Netflix in the 3rd quarter valued at about $213,000. Finally, China Universal Asset Management Co. Ltd. raised its stake in Netflix by 203.0% in the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 6,172 shares of the Internet television network’s stock valued at $2,331,000 after acquiring an additional 4,135 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Trading Up 0.9 %

NFLX stock traded up $5.27 on Monday, reaching $616.14. The company’s stock had a trading volume of 1,230,265 shares, compared to its average volume of 4,324,787. The business has a fifty day simple moving average of $603.12 and a two-hundred day simple moving average of $535.85. Netflix, Inc. has a 12-month low of $329.61 and a 12-month high of $639.00. The firm has a market cap of $265.56 billion, a PE ratio of 42.40, a PEG ratio of 1.48 and a beta of 1.23. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07.

Netflix (NASDAQ:NFLXGet Free Report) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the firm posted $2.88 earnings per share. The firm’s revenue was up 14.8% on a year-over-year basis. As a group, research analysts forecast that Netflix, Inc. will post 18.3 EPS for the current year.

Insider Buying and Selling

In related news, Director Ann Mather sold 3,673 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,181,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. Insiders sold 78,039 shares of company stock valued at $46,401,083 over the last quarter. 1.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several analyst reports. The Goldman Sachs Group upped their price target on Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Morgan Stanley upped their price target on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. CICC Research initiated coverage on Netflix in a research report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target on the stock. Guggenheim upped their price target on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a research report on Tuesday, April 16th. Finally, Redburn Atlantic upped their price target on Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $631.15.

Read Our Latest Report on Netflix

About Netflix

(Free Report)

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.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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