Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,164 shares of the Internet television network’s stock after selling 1,789 shares during the period. Netflix comprises about 0.7% of Elo Mutual Pension Insurance Co’s portfolio, making the stock its 23rd largest holding. Elo Mutual Pension Insurance Co’s holdings in Netflix were worth $34,908,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock worth $1,200,485,000 after purchasing an additional 198,148 shares during the last quarter. Algert Global LLC acquired a new position in Netflix during the third quarter worth $2,475,000. Qsemble Capital Management LP purchased a new stake in Netflix in the 3rd quarter valued at $209,000. D.A. Davidson & CO. increased its stake in shares of Netflix by 0.4% in the 3rd quarter. D.A. Davidson & CO. now owns 17,788 shares of the Internet television network’s stock worth $12,616,000 after acquiring an additional 72 shares during the last quarter. Finally, Cynosure Group LLC raised its holdings in shares of Netflix by 98.5% during the 3rd quarter. Cynosure Group LLC now owns 1,211 shares of the Internet television network’s stock worth $859,000 after acquiring an additional 601 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 35,868 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total value of $31,853,653.44. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $101,241.12. This represents a 99.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,583 shares of company stock valued at $279,611,567. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $970.65 on Thursday. The firm’s fifty day simple moving average is $967.54 and its 200-day simple moving average is $864.18. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $415.20 billion, a PE ratio of 48.95, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued 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 company had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period last year, the company posted $2.11 earnings per share. Analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on NFLX shares. Guggenheim boosted their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Macquarie upped their price target on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and raised their price target for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Oppenheimer boosted their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group raised their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $1,016.78.

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.