Asio Capital LLC Lowers Position in Netflix, Inc. (NASDAQ:NFLX)

Asio Capital LLC reduced its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,679 shares of the Internet television network’s stock after selling 198 shares during the period. Netflix comprises about 1.5% of Asio Capital LLC’s holdings, making the stock its 18th largest holding. Asio Capital LLC’s holdings in Netflix were worth $7,736,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC raised its position in Netflix by 116,620.0% in the 3rd 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 purchasing an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. raised its holdings in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after acquiring an additional 642,920 shares in the last quarter. State Street Corp lifted its stake in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Jennison Associates LLC grew its holdings 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 acquiring an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Netflix in the 3rd quarter valued at approximately $222,871,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the transaction, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,117 shares of company stock worth $123,913,691. 1.76% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on NFLX. Macquarie increased their target price on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley increased their price target on shares of Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday. Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $680.00 to $1,494.00 in a research report on Wednesday. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Evercore ISI upped their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research note on Wednesday. Nine analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Stock Performance

NASDAQ:NFLX opened at $977.59 on Friday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $999.00. The company has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a price-to-earnings-growth ratio of 1.53 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average price of $895.13 and a two-hundred day moving average price of $766.98.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.11 EPS. As a group, research analysts expect that Netflix, Inc. will post 23.72 earnings per share 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.