Rockefeller Capital Management L.P. Has $78.87 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

Rockefeller Capital Management L.P. lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 111,389 shares of the Internet television network’s stock after selling 6,966 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Netflix were worth $78,869,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NFLX. New World Advisors LLC grew its position in shares of Netflix by 2.0% in the third quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares in the last quarter. Heartland Bank & Trust Co raised its position in Netflix by 0.9% during the second quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares in the last quarter. Cedrus LLC lifted its position in Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after buying an additional 15 shares during the last quarter. Capstone Triton Financial Group LLC boosted its stake in shares of Netflix by 0.6% in the 3rd quarter. Capstone Triton Financial Group LLC now owns 2,421 shares of the Internet television network’s stock valued at $1,717,000 after purchasing an additional 15 shares in the last quarter. Finally, Meritas Wealth Management LLC increased its holdings in shares of Netflix by 2.9% in the third quarter. Meritas Wealth Management LLC now owns 573 shares of the Internet television network’s stock worth $406,000 after buying an additional 16 shares during the period. 80.93% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $57,878.20. This represents a 99.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 185,866 shares of company stock valued at $133,393,921 over the last three months. 1.76% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on NFLX shares. Wedbush reaffirmed an “outperform” rating and set a $950.00 price objective (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. Guggenheim lifted their price objective on Netflix from $810.00 to $825.00 and gave the company a “buy” rating in a research note on Tuesday, October 29th. Benchmark reiterated a “sell” rating and issued a $545.00 target price on shares of Netflix in a research note on Tuesday, October 15th. The Goldman Sachs Group set a $750.00 price objective on Netflix in a research report on Friday, October 18th. Finally, Canaccord Genuity Group boosted their target price on shares of Netflix from $750.00 to $760.00 and gave the company a “hold” rating in a research note on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-five have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $764.82.

Netflix Stock Up 0.5 %

Shares of Netflix stock opened at $877.34 on Friday. The firm has a market cap of $375.03 billion, a price-to-earnings ratio of 49.65, a P/E/G ratio of 1.69 and a beta of 1.25. The stock has a 50-day simple moving average of $769.29 and a 200-day simple moving average of $697.66. Netflix, Inc. has a 52-week low of $445.73 and a 52-week high of $908.00. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping the consensus estimate of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, equities research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

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.