Greenwood Capital Associates LLC Has $4.93 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Greenwood Capital Associates LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,529 shares of the Internet television network’s stock after selling 77 shares during the quarter. Greenwood Capital Associates LLC’s holdings in Netflix were worth $4,928,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NFLX. State Street Corp boosted its holdings in Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Geode Capital Management LLC raised its holdings in Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC lifted its position in shares of Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares during the period. International Assets Investment Management LLC boosted its stake in shares of Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after buying an additional 23,702 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. TD Cowen upped their price target on shares of Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Benchmark raised Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, KeyCorp raised their price objective on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Netflix Stock Up 1.7 %

Netflix stock opened at $995.47 on Tuesday. 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 stock has a market cap of $425.82 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00. The firm’s 50-day simple moving average is $904.67 and its 200 day simple moving average is $779.53.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.11 EPS. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In related news, CFO Spencer Adam Neumann sold 10,000 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $978.41, for a total value of $9,784,100.00. Following the sale, the chief financial officer now owns 3,691 shares of the company’s stock, valued at approximately $3,611,311.31. The trade was a 73.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction on Thursday, January 30th. The shares were 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. Insiders sold 246,710 shares of company stock worth $233,561,836 in the last quarter. 1.76% of the stock is currently owned by company insiders.

Netflix Company 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.