Kayne Anderson Rudnick Investment Management LLC Sells 1,883 Shares of Netflix, Inc. (NASDAQ:NFLX)

Kayne Anderson Rudnick Investment Management LLC reduced its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,663 shares of the Internet television network’s stock after selling 1,883 shares during the period. Kayne Anderson Rudnick Investment Management LLC’s holdings in Netflix were worth $54,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of NFLX. Pathway Financial Advisers LLC boosted its stake in Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares in the last quarter. Newton One Investments LLC bought a new position in shares of Netflix during the fourth quarter valued at $34,000. Pineridge Advisors LLC boosted its stake in shares of Netflix by 4,000.0% in the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after purchasing an additional 40 shares in the last quarter. Princeton Global Asset Management LLC grew its holdings in shares of Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after purchasing an additional 16 shares during the last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Netflix during the 4th quarter worth about $43,000. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on NFLX shares. Guggenheim reaffirmed a “buy” rating and set a $1,150.00 price objective on shares of Netflix in a research note on Friday. BMO Capital Markets restated an “outperform” rating on shares of Netflix in a research report on Friday. Bank of America raised their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Macquarie boosted their price objective on Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and raised their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Nine investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,036.38.

Netflix Trading Up 1.2 %

Shares of NASDAQ NFLX opened at $973.03 on Monday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The stock has a market cap of $416.22 billion, a price-to-earnings ratio of 49.07, a P/E/G ratio of 2.12 and a beta of 1.55. 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 company’s fifty day moving average is $954.87 and its 200-day moving average is $894.38.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, topping the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same period in the previous year, the company posted $8.28 earnings per share. Equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Activity at Netflix

In other Netflix news, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction dated 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. In the last three months, insiders sold 274,312 shares of company stock worth $267,919,297. 1.76% of the stock is owned by company insiders.

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.