Aviva PLC Sells 10,530 Shares of Netflix, Inc. (NASDAQ:NFLX)

Aviva PLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 258,554 shares of the Internet television network’s stock after selling 10,530 shares during the period. Netflix accounts for about 0.6% of Aviva PLC’s investment portfolio, making the stock its 25th biggest holding. Aviva PLC owned approximately 0.06% of Netflix worth $230,454,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Netflix during the 4th quarter worth about $1,399,000. Oarsman Capital Inc. lifted its holdings in Netflix by 44.8% in the 4th quarter. Oarsman Capital Inc. now owns 388 shares of the Internet television network’s stock worth $346,000 after purchasing an additional 120 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in Netflix during the fourth quarter worth approximately $110,197,000. Pamalican Asset Management Ltd acquired a new position in Netflix during the fourth quarter valued at approximately $6,952,000. Finally, Leeward Financial Partners LLC raised its position in shares of Netflix by 3.3% in the fourth quarter. Leeward Financial Partners LLC now owns 5,112 shares of the Internet television network’s stock valued at $4,556,000 after purchasing an additional 165 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on NFLX shares. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Loop Capital restated a “hold” rating on shares of Netflix in a report on Monday, March 24th. UBS Group set a $1,000.00 price objective on Netflix in a research note on Monday, March 24th. 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 report on Wednesday, January 22nd. Finally, Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and raised their target price for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,023.74.

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction that occurred on 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. Insiders sold a total of 280,676 shares of company stock valued at $273,515,672 over the last quarter. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Down 6.7 %

Shares of NFLX opened at $855.86 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $366.10 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.38. The stock has a fifty day moving average price of $970.24 and a two-hundred day moving average price of $874.63. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50.

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