Netflix, Inc. (NFLX) Position Lowered by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.4% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 94,577 shares of the Internet television network’s stock after selling 21,279 shares during the period. Stephens Investment Management Group LLC’s holdings in Netflix were worth $18,155,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the business. Alps Advisors Inc. grew its holdings in Netflix by 116.4% during the 4th quarter. Alps Advisors Inc. now owns 7,467 shares of the Internet television network’s stock worth $1,433,000 after acquiring an additional 4,016 shares during the period. Calton & Associates Inc. acquired a new stake in shares of Netflix in the 4th quarter valued at about $762,000. Dowling & Yahnke LLC grew its stake in shares of Netflix by 8.2% in the 4th quarter. Dowling & Yahnke LLC now owns 6,820 shares of the Internet television network’s stock valued at $1,309,000 after buying an additional 514 shares during the period. Public Employees Retirement Association of Colorado grew its stake in shares of Netflix by 15.7% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 89,664 shares of the Internet television network’s stock valued at $17,212,000 after buying an additional 12,144 shares during the period. Finally, Everence Capital Management Inc. grew its stake in shares of Netflix by 16.1% in the 4th quarter. Everence Capital Management Inc. now owns 9,792 shares of the Internet television network’s stock valued at $1,880,000 after buying an additional 1,355 shares during the period. Hedge funds and other institutional investors own 82.38% of the company’s stock.

In other news, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $262.91, for a total transaction of $43,050,723.77. Following the sale, the insider now owns 23,953 shares in the company, valued at $6,297,483.23. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director A George Battle sold 10,716 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $258.49, for a total transaction of $2,769,978.84. Following the sale, the director now owns 2,575 shares in the company, valued at approximately $665,611.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 469,901 shares of company stock valued at $107,797,603. 4.90% of the stock is owned by insiders.

Shares of Netflix, Inc. (NFLX) traded up $7.54 during trading hours on Thursday, hitting $273.54. 4,623,247 shares of the stock traded hands, compared to its average volume of 10,759,528. Netflix, Inc. has a 52-week low of $138.26 and a 52-week high of $286.81. The company has a market capitalization of $118,340.00, a P/E ratio of 218.83, a price-to-earnings-growth ratio of 3.61 and a beta of 1.04. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company had revenue of $3.29 billion during the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the firm earned $0.15 earnings per share. Netflix’s revenue was up 32.6% on a year-over-year basis. equities research analysts expect that Netflix, Inc. will post 2.69 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the company. B. Riley reiterated a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. SunTrust Banks set a $270.00 price target on shares of Netflix and gave the stock a “hold” rating in a report on Wednesday. Barclays set a $285.00 price target on shares of Netflix and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Wells Fargo & Co set a $285.00 price objective on shares of Netflix and gave the company a “buy” rating in a research note on Tuesday, January 23rd. Finally, Citigroup reiterated a “hold” rating and issued a $250.00 price objective on shares of Netflix in a research note on Tuesday, January 23rd. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, thirty-four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $239.39.

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About Netflix

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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