Netflix, Inc. (NASDAQ:NFLX) Shares Sold by American Century Companies Inc.

American Century Companies Inc. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,303,677 shares of the Internet television network’s stock after selling 6,568 shares during the period. Netflix accounts for approximately 0.7% of American Century Companies Inc.’s holdings, making the stock its 15th largest holding. American Century Companies Inc.’s holdings in Netflix were worth $1,161,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NFLX. RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter worth $25,000. Pathway Financial Advisers LLC grew its position in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after purchasing an additional 14 shares during the period. Newton One Investments LLC purchased a new stake in shares of Netflix during the fourth quarter worth about $34,000. Pineridge Advisors LLC raised its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Finally, FSA Wealth Management LLC acquired a new position in shares of Netflix during the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the subject of several research reports. Needham & Company LLC boosted their price objective on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. KeyCorp boosted their price target on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a report on Thursday, January 23rd. Argus lifted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Citigroup increased their target price on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,016.78.

Netflix Price Performance

Shares of NFLX opened at $960.29 on Friday. The firm has a 50-day simple moving average of $959.08 and a two-hundred day simple moving average of $856.54. The stock has a market cap of $410.77 billion, a PE ratio of 48.43, a P/E/G ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter last year, the firm earned $2.11 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 2,682 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is currently owned by company insiders.

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.