Moore Capital Management LP Trims Position in Netflix, Inc. (NASDAQ:NFLX)

Moore Capital Management LP reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 45.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,825 shares of the Internet television network’s stock after selling 12,378 shares during the period. Moore Capital Management LP’s holdings in Netflix were worth $13,214,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in NFLX. Lazard Asset Management LLC grew its holdings in Netflix by 5.0% during the fourth quarter. Lazard Asset Management LLC now owns 54,984 shares of the Internet television network’s stock worth $49,008,000 after acquiring an additional 2,618 shares during the period. Lionshead Wealth Management LLC purchased a new position in shares of Netflix during the 4th quarter valued at approximately $204,000. Investor s Fiduciary Advisor Network LLC acquired a new position in shares of Netflix in the 4th quarter valued at $801,000. Jacobs Levy Equity Management Inc. boosted its holdings in Netflix by 2.1% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 33,579 shares of the Internet television network’s stock worth $29,930,000 after buying an additional 677 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in Netflix by 8.7% in the fourth quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock valued at $1,227,468,000 after buying an additional 110,432 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other news, CAO Jeffrey William Karbowski sold 160 shares of Netflix stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $982.05, for a total value of $2,554,312.05. Following the completion of the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,624,746.55. The trade was a 41.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 127,591 shares of company stock valued at $132,515,581 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Trading Down 0.4%

Shares of NFLX opened at $1,139.81 on Monday. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,164.00. The stock has a fifty day moving average of $984.97 and a two-hundred day moving average of $934.31. 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 capitalization of $485.07 billion, a PE ratio of 57.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58.

Netflix (NASDAQ:NFLX) last released 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 the consensus estimate of $10.51 billion. During the same period in the prior year, the business posted $8.28 earnings per share. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $1,200.00 price target (up previously from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. Moffett Nathanson reiterated a “buy” rating and set a $1,150.00 target price (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. 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 research report on Wednesday, January 22nd. Rosenblatt Securities lifted their target price on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a research note on Monday, April 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $1,126.00 price target on shares of Netflix in a report on Thursday, April 17th. Ten analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,084.91.

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.