Netflix, Inc. (NFLX) Holdings Reduced by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,116,441 shares of the Internet television network’s stock after selling 71,159 shares during the quarter. New York State Common Retirement Fund owned approximately 0.26% of Netflix worth $329,741,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of NFLX. BlackRock Inc. boosted its stake in shares of Netflix by 4.2% during the first quarter. BlackRock Inc. now owns 26,816,614 shares of the Internet television network’s stock valued at $7,920,289,000 after purchasing an additional 1,069,420 shares during the period. Baillie Gifford & Co. boosted its stake in shares of Netflix by 12.0% during the first quarter. Baillie Gifford & Co. now owns 7,794,760 shares of the Internet television network’s stock valued at $2,302,183,000 after purchasing an additional 837,285 shares during the period. SG Americas Securities LLC boosted its stake in shares of Netflix by 103.9% during the fourth quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock valued at $4,881,000 after purchasing an additional 675,267 shares during the period. Tybourne Capital Management HK Ltd. boosted its stake in shares of Netflix by 43.4% during the fourth quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock valued at $321,187,000 after purchasing an additional 506,700 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in shares of Netflix by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock valued at $371,396,000 after purchasing an additional 354,801 shares during the period. 77.20% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Gregory K. Peters sold 8,274 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $300.00, for a total value of $2,482,200.00. Following the transaction, the insider now owns 21,364 shares in the company, valued at approximately $6,409,200. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Reed Hastings sold 75,271 shares of the stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $316.98, for a total transaction of $23,859,401.58. Following the completion of the transaction, the chief executive officer now owns 75,271 shares in the company, valued at approximately $23,859,401.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 272,238 shares of company stock worth $87,879,974. 4.29% of the stock is owned by corporate insiders.

Netflix opened at $349.29 on Friday, according to Marketbeat Ratings. Netflix, Inc. has a 52-week low of $144.25 and a 52-week high of $354.00. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $149.85 billion, a PE ratio of 279.43, a P/E/G ratio of 4.49 and a beta of 0.97.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.01. Netflix had a net margin of 5.26% and a return on equity of 19.11%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.69 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 40.3% compared to the same quarter last year. analysts anticipate that Netflix, Inc. will post 2.88 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on NFLX. Vetr lowered shares of Netflix from a “hold” rating to a “sell” rating and set a $303.70 target price for the company. in a research note on Wednesday, April 18th. Zacks Investment Research lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Thursday, April 19th. Piper Jaffray Companies upped their price objective on shares of Netflix to $360.00 and gave the stock an “overweight” rating in a research note on Friday, March 9th. Bank of America upped their price objective on shares of Netflix from $300.00 to $347.00 and gave the stock a “buy” rating in a research note on Tuesday, April 17th. Finally, BMO Capital Markets upped their price objective on shares of Netflix from $310.00 to $324.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 17th. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Netflix has an average rating of “Buy” and an average target price of $296.12.

About Netflix

Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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