Xponance Inc. Sells 2,312 Shares of Netflix, Inc. (NASDAQ:NFLX)

Xponance Inc. lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 103,128 shares of the Internet television network’s stock after selling 2,312 shares during the period. Netflix comprises about 0.6% of Xponance Inc.’s portfolio, making the stock its 25th largest holding. Xponance Inc.’s holdings in Netflix were worth $50,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp grew its position in shares of Netflix by 0.4% in the 1st quarter. State Street Corp now owns 16,195,490 shares of the Internet television network’s stock valued at $5,595,196,000 after acquiring an additional 62,507 shares during the period. Morgan Stanley grew its position in shares of Netflix by 11.1% in the 4th quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock valued at $1,906,005,000 after acquiring an additional 644,162 shares during the period. Norges Bank bought a new stake in shares of Netflix during the 4th quarter worth about $1,501,762,000. Northern Trust Corp boosted its holdings in shares of Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after buying an additional 96,938 shares during the period. Finally, Jennison Associates LLC boosted its holdings in shares of Netflix by 24.3% during the 3rd quarter. Jennison Associates LLC now owns 3,878,293 shares of the Internet television network’s stock worth $1,464,444,000 after buying an additional 759,378 shares during the period. Institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NFLX shares. Benchmark reaffirmed a “sell” rating and set a $440.00 target price on shares of Netflix in a report on Thursday. Bank of America lifted their target price on shares of Netflix from $585.00 to $650.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. DZ Bank raised shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a report on Thursday, January 25th. The Goldman Sachs Group lifted their price objective on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Citigroup lifted their price objective on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $614.75.

Netflix Trading Down 0.5 %

Shares of NASDAQ:NFLX traded down $3.13 during trading on Thursday, reaching $610.56. The stock had a trading volume of 6,911,385 shares, compared to its average volume of 4,244,895. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The firm’s fifty day moving average is $604.73 and its 200 day moving average is $511.17. The stock has a market cap of $264.23 billion, a price-to-earnings ratio of 51.53, a P/E/G ratio of 1.67 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a net margin of 16.04% and a return on equity of 24.76%. The company had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. During the same quarter in the previous year, the firm earned $0.12 EPS. The firm’s revenue was up 12.5% on a year-over-year basis. As a group, equities analysts forecast that Netflix, Inc. will post 17.05 EPS for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now owns 1,278 shares in the company, valued at $717,379.74. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The disclosure for this sale can be found here. Insiders have sold 268,335 shares of company stock worth $151,619,811 in the last quarter. Company insiders own 2.45% of the company’s stock.

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.