Obermeyer Wood Investment Counsel Lllp Sells 238 Shares of Netflix, Inc. (NASDAQ:NFLX)

Obermeyer Wood Investment Counsel Lllp lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 28.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 606 shares of the Internet television network’s stock after selling 238 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Netflix were worth $295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of NFLX. State Street Corp raised its stake in shares of Netflix by 0.4% in the first quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock worth $5,595,196,000 after purchasing an additional 62,507 shares during the last quarter. Morgan Stanley grew its holdings in shares of Netflix by 11.1% during the 4th quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock worth $1,906,005,000 after purchasing an additional 644,162 shares during the period. Norges Bank acquired a new position in Netflix during the 4th quarter worth about $1,501,762,000. Northern Trust Corp raised its position in Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after purchasing an additional 96,938 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Netflix by 24.3% during the 3rd quarter. Jennison Associates LLC now owns 3,878,293 shares of the Internet television network’s stock worth $1,464,444,000 after acquiring an additional 759,378 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now owns 28 shares in the company, valued at approximately $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares in the company, valued at approximately $17,091.76. The sale was disclosed in a document filed 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 stock was 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 268,335 shares of company stock valued at $151,619,811 in the last 90 days. 2.45% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Rosenblatt Securities decreased their price target on Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday. Wedbush reaffirmed an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research report on Friday. BMO Capital Markets reissued an “outperform” rating and set a $713.00 price target (up previously from $638.00) on shares of Netflix in a research report on Wednesday. Needham & Company LLC raised Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price for the company in a research report on Friday. Finally, The Goldman Sachs Group upped their price objective on Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $628.76.

Netflix Trading Down 6.5 %

Shares of NFLX traded down $39.72 during mid-day trading on Friday, reaching $570.84. The stock had a trading volume of 6,672,029 shares, compared to its average volume of 4,320,087. The business’s fifty day moving average is $605.77 and its 200 day moving average is $511.86. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market cap of $247.04 billion, a price-to-earnings ratio of 47.41, a P/E/G ratio of 1.65 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.88 earnings per share. On average, sell-side analysts predict that Netflix, Inc. will post 17.05 EPS for the current fiscal year.

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.