Netflix, Inc. (NASDAQ:NFLX) Shares Sold by City Center Advisors LLC

City Center Advisors LLC cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 807 shares of the Internet television network’s stock after selling 38 shares during the period. Netflix comprises approximately 0.8% of City Center Advisors LLC’s portfolio, making the stock its 25th largest position. City Center Advisors LLC’s holdings in Netflix were worth $719,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. International Assets Investment Management LLC boosted its holdings in shares of Netflix by 116,620.0% in the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after acquiring an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. boosted its stake in Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after purchasing an additional 642,920 shares during the period. State Street Corp boosted its stake in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after purchasing an additional 426,740 shares during the period. Jennison Associates LLC grew its position in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new position in Netflix in the third quarter valued at $222,871,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Bank of America raised their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $825.00 target price (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Macquarie reissued an “outperform” rating and issued a $795.00 target price on shares of Netflix in a report on Friday, October 18th. Needham & Company LLC increased their price target on Netflix from $700.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, KeyCorp boosted their price objective on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $824.00.

Insider Activity at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of the stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s 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 completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $9,817,500. The trade was a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 156,742 shares of company stock valued at $131,030,268. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX opened at $837.69 on Monday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13. The business’s fifty day moving average price is $878.06 and its two-hundred day moving average price is $753.78. The stock has a market cap of $358.08 billion, a PE ratio of 47.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a one year low of $475.26 and a one year high of $941.75.

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

Netflix 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.