Netflix, Inc. (NASDAQ:NFLX) Position Lessened by Bailard Inc.

Bailard Inc. decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,398 shares of the Internet television network’s stock after selling 4,410 shares during the period. Bailard Inc.’s holdings in Netflix were worth $11,392,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Columbia Trust Co 01012016 raised its stake in Netflix by 15.3% during the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock valued at $762,000 after acquiring an additional 208 shares in the last quarter. Crumly & Associates Inc. increased its position in shares of Netflix by 4.1% during the 4th quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after purchasing an additional 83 shares during the period. Venture Visionary Partners LLC increased its position in shares of Netflix by 15.4% during the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock valued at $4,795,000 after purchasing an additional 1,318 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares during the period. Finally, Sandy Cove Advisors LLC increased its position in shares of Netflix by 10.6% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after purchasing an additional 114 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX traded down $22.63 on Wednesday, hitting $555.12. The company’s stock had a trading volume of 5,303,842 shares, compared to its average volume of 4,527,938. The company has a market capitalization of $239.20 billion, a PE ratio of 38.52, a PEG ratio of 1.41 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.12. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The company has a 50 day moving average price of $605.56 and a 200 day moving average price of $517.91.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. During the same quarter in the prior year, the business earned $2.88 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, research analysts anticipate that Netflix, Inc. will post 17.87 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total value of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 5,533 shares of the company’s stock in a transaction on Friday, January 26th. The shares were sold at an average price of $575.00, for a total transaction of $3,181,475.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $7,526,750. The disclosure for this sale can be found here. In the last quarter, insiders have sold 160,106 shares of company stock valued at $92,729,716. 2.45% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup lifted their target price on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a report on Monday, March 25th. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. Bank of America lifted their target price on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. TD Cowen lifted their price target on Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a report on Monday, April 8th. Finally, Wedbush reiterated an “outperform” rating and set a $725.00 price target on shares of Netflix in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $630.58.

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.