Netflix, Inc. (NASDAQ:NFLX) Stock Position Reduced by South Dakota Investment Council

South Dakota Investment Council trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 77.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 443 shares of the Internet television network’s stock after selling 1,538 shares during the quarter. South Dakota Investment Council’s holdings in Netflix were worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. World Equity Group Inc. raised its stake in Netflix by 48.6% during the fourth quarter. World Equity Group Inc. now owns 1,516 shares of the Internet television network’s stock worth $1,351,000 after acquiring an additional 496 shares during the period. Delta Financial Group Inc. grew its holdings in shares of Netflix by 1.2% during the fourth quarter. Delta Financial Group Inc. now owns 1,246 shares of the Internet television network’s stock valued at $1,111,000 after purchasing an additional 15 shares during the last quarter. MONECO Advisors LLC raised its position in shares of Netflix by 9.7% during the 4th quarter. MONECO Advisors LLC now owns 2,166 shares of the Internet television network’s stock worth $1,931,000 after purchasing an additional 191 shares during the period. Howard Capital Management Inc. lifted its holdings in shares of Netflix by 3.1% in the 4th quarter. Howard Capital Management Inc. now owns 12,916 shares of the Internet television network’s stock worth $11,512,000 after purchasing an additional 385 shares during the last quarter. Finally, WESPAC Advisors LLC lifted its holdings in shares of Netflix by 6.0% in the 4th quarter. WESPAC Advisors LLC now owns 461 shares of the Internet television network’s stock worth $411,000 after purchasing an additional 26 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NFLX opened at $988.47 on Tuesday. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The company has a 50-day moving average of $941.89 and a two-hundred day moving average of $823.89. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $422.82 billion, a price-to-earnings ratio of 49.85, a PEG ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.11 EPS. On average, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Activity at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. This represents a 27.61 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 303,220 shares of company stock valued at $289,856,164. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on NFLX. Wedbush reaffirmed an “outperform” rating and issued a $1,150.00 target price (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Macquarie increased their price objective on shares of Netflix from $965.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Pivotal Research lifted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Citigroup upped their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Finally, Morgan Stanley lifted their price target on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.