DMC Group LLC Sells 37 Shares of Netflix, Inc. (NASDAQ:NFLX)

DMC Group LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,949 shares of the Internet television network’s stock after selling 37 shares during the quarter. Netflix accounts for approximately 1.4% of DMC Group LLC’s holdings, making the stock its 12th biggest holding. DMC Group LLC’s holdings in Netflix were worth $1,737,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in NFLX. State Street Corp grew its stake in Netflix by 2.6% during 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 buying an additional 426,740 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after acquiring an additional 123,029 shares in the last quarter. 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 acquiring an additional 316,594 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Netflix by 116,620.0% during 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. Finally, Wellington Management Group LLP raised its position in Netflix by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after purchasing an additional 23,702 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 0.7 %

NASDAQ:NFLX opened at $978.94 on Thursday. The stock has a 50-day simple moving average of $899.64 and a 200 day simple moving average of $772.71. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00. The company has a market cap of $418.46 billion, a PE ratio of 49.37, a PEG ratio of 1.53 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the company earned $2.11 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts expect that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on the company. 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 research note on Wednesday, January 22nd. Arete Research upgraded shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a research note on Thursday, January 23rd. Loop Capital increased their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $1,175.00 price objective (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Activity at Netflix

In other Netflix news, Director Jay C. Hoag sold 617 shares of the company’s stock in a transaction on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total transaction of $604,481.07. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Timothy M. Haley sold 11,090 shares of Netflix stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,117 shares of company stock valued at $123,913,691. 1.76% of the stock is owned by insiders.

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.