Gateway Investment Advisers LLC Sells 1,152 Shares of Netflix, Inc. (NASDAQ:NFLX)

Gateway Investment Advisers LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 100,068 shares of the Internet television network’s stock after selling 1,152 shares during the period. Netflix accounts for 1.0% of Gateway Investment Advisers LLC’s portfolio, making the stock its 19th largest position. Gateway Investment Advisers LLC’s holdings in Netflix were worth $89,193,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix in the 3rd quarter worth approximately $25,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the third quarter valued at $37,000. FSA Wealth Management LLC purchased a new stake in shares of Netflix during the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services purchased a new stake in Netflix during the 3rd quarter valued at $40,000. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $9,817,500. This represents a 24.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock valued at $131,030,268 in the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 1.5 %

Shares of NFLX stock traded up $12.77 during trading hours on Thursday, reaching $861.03. 407,900 shares of the stock were exchanged, compared to its average volume of 2,813,061. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75. The firm has a market capitalization of $368.06 billion, a price-to-earnings ratio of 48.73, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company’s 50-day moving average price is $881.04 and its 200-day moving average price is $755.96.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The company had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. As a group, equities analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

NFLX has been the subject of several analyst reports. Wolfe Research restated an “outperform” rating on shares of Netflix in a research note on Friday, October 18th. Pivotal Research boosted their price objective on Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Oppenheimer decreased their target price on shares of Netflix from $1,065.00 to $1,040.00 and set an “outperform” rating on the stock in a research note on Wednesday. Macquarie increased their price objective on shares of Netflix from $795.00 to $965.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Rosenblatt Securities restated a “neutral” rating and set a $680.00 target price on shares of Netflix in a research note on Thursday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $845.82.

Netflix Company 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.