Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,426 shares of the Internet television network’s stock after selling 17 shares during the period. Tocqueville Asset Management L.P.’s holdings in Netflix were worth $2,162,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of NFLX. West Michigan Advisors LLC boosted its stake in shares of Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network’s stock worth $692,000 after acquiring an additional 10 shares in the last quarter. Warwick Investment Management Inc. lifted its stake in Netflix by 3.5% in the 4th quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network’s stock worth $266,000 after acquiring an additional 10 shares in the last quarter. Enzi Wealth increased its holdings in shares of Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after purchasing an additional 11 shares during the period. TCI Wealth Advisors Inc. boosted its holdings in shares of Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock worth $624,000 after purchasing an additional 11 shares during the period. Finally, Blossom Wealth Management grew its position in Netflix by 0.9% during the fourth quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after purchasing an additional 11 shares in the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 2.1 %

Shares of NASDAQ:NFLX opened at $929.98 on Wednesday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market cap of $397.81 billion, a P/E ratio of 46.90, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company’s 50-day moving average price is $953.42 and its two-hundred day moving average price is $853.33.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $2.11 earnings per share. Netflix’s revenue was up 16.0% compared to the same quarter last year. As a group, research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now directly owns 114 shares in the company, valued at approximately $101,241.12. This represents a 99.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock valued at $279,142,041 over the last 90 days. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. The Goldman Sachs Group boosted their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Needham & Company LLC raised their target price on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Oppenheimer increased their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,016.78.

About Netflix

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.