LRT Capital Management LLC Decreases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

LRT Capital Management LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 42.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 943 shares of the Internet television network’s stock after selling 695 shares during the quarter. LRT Capital Management LLC’s holdings in Netflix were worth $841,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. RMR Wealth Builders increased its holdings in shares of Netflix by 4.8% in the fourth quarter. RMR Wealth Builders now owns 4,863 shares of the Internet television network’s stock valued at $4,335,000 after purchasing an additional 221 shares during the last quarter. Czech National Bank boosted its stake in Netflix by 6.0% during the fourth quarter. Czech National Bank now owns 92,682 shares of the Internet television network’s stock worth $82,609,000 after buying an additional 5,257 shares during the last quarter. Aprio Wealth Management LLC grew its holdings in Netflix by 15.6% in the 4th quarter. Aprio Wealth Management LLC now owns 2,186 shares of the Internet television network’s stock valued at $1,948,000 after buying an additional 295 shares in the last quarter. Matrix Trust Co acquired a new stake in shares of Netflix in the 4th quarter worth $162,000. Finally, Fiduciary Alliance LLC purchased a new position in shares of Netflix during the 4th quarter worth $349,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on NFLX. Moffett Nathanson reissued a “buy” rating and issued a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a report on Friday, April 18th. Oppenheimer reissued an “outperform” rating and issued a $1,200.00 price target (up previously from $1,150.00) on shares of Netflix in a research note on Friday, April 18th. FBN Securities assumed coverage on shares of Netflix in a report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price target for the company. Barclays upped their price objective on Netflix from $900.00 to $1,000.00 and gave the company an “equal weight” rating in a report on Monday, April 21st. Finally, Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a research report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,084.91.

Insider Transactions at Netflix

In related news, insider Cletus R. Willems sold 298 shares of the company’s stock in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $1,138.00, for a total value of $339,124.00. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $35,972,180. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 127,591 shares of company stock worth $132,515,581. 1.76% of the stock is currently owned by insiders.

Netflix Stock Down 0.4%

Shares of NASDAQ NFLX opened at $1,139.81 on Monday. The business has a 50-day moving average of $984.97 and a two-hundred day moving average of $934.31. The company has a market capitalization of $485.07 billion, a price-to-earnings ratio of 57.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 1 year low of $587.04 and a 1 year high of $1,164.00. 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 issued 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. The business had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same quarter last year, the company earned $8.28 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share 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.