State of New Jersey Common Pension Fund D Has $123.03 Million Position in Netflix, Inc. (NASDAQ:NFLX)

State of New Jersey Common Pension Fund D lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 252,680 shares of the Internet television network’s stock after selling 502 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Netflix were worth $123,025,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Authentikos Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth $25,000. Spartan Planning & Wealth Management bought a new position in shares of Netflix during the 3rd quarter worth about $26,000. Carmel Capital Partners LLC boosted its position in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares in the last quarter. Finally, Pacifica Partners Inc. acquired a new stake in shares of Netflix during the 4th quarter valued at about $41,000. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.6 %

NASDAQ:NFLX traded down $3.57 during mid-day trading on Friday, hitting $561.23. 4,328,174 shares of the company’s stock were exchanged, compared to its average volume of 4,516,832. The company has a 50 day simple moving average of $604.99 and a 200-day simple moving average of $518.24. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a fifty-two week low of $315.62 and a fifty-two week high of $639.00. The firm has a market capitalization of $241.83 billion, a P/E ratio of 38.86, a PEG ratio of 1.36 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, topping the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm’s revenue was up 14.8% compared to the same quarter last year. During the same period last year, the company earned $2.88 EPS. As a group, research analysts expect that Netflix, Inc. will post 18.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on NFLX. KeyCorp boosted their price target on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research report on Wednesday, March 20th. Barclays upped their target price on shares of Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 9th. The Goldman Sachs Group upped their target price on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. JPMorgan Chase & Co. upped their target price on shares of Netflix from $610.00 to $650.00 and gave the stock an “overweight” rating in a research report on Monday, April 8th. Finally, Wedbush reissued an “outperform” rating and set a $725.00 price target on shares of Netflix in a research note on Friday, April 19th. One 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. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $630.58.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction on 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 approximately $717,379.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $17,575,476.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 154,573 shares of company stock worth $89,548,241 in the last quarter. 2.45% of the stock is owned by corporate 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.