Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Livingston Group Asset Management CO operating as Southport Capital Management

Share on StockTwits

Livingston Group Asset Management CO operating as Southport Capital Management lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 3,299 shares of the Internet television network’s stock after selling 232 shares during the period. Livingston Group Asset Management CO operating as Southport Capital Management’s holdings in Netflix were worth $1,067,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Commonwealth Bank of Australia raised its stake in shares of Netflix by 4.8% in the second quarter. Commonwealth Bank of Australia now owns 789 shares of the Internet television network’s stock worth $287,000 after purchasing an additional 36 shares during the last quarter. Pictet Asset Management Ltd. increased its holdings in Netflix by 3.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 491,547 shares of the Internet television network’s stock worth $180,555,000 after buying an additional 15,222 shares during the period. RMB Capital Management LLC increased its holdings in Netflix by 9.2% in the 2nd quarter. RMB Capital Management LLC now owns 1,073 shares of the Internet television network’s stock worth $394,000 after buying an additional 90 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in Netflix in the 2nd quarter worth approximately $5,699,000. Finally, Johnson Investment Counsel Inc. raised its position in Netflix by 6.6% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,005 shares of the Internet television network’s stock worth $369,000 after buying an additional 62 shares during the last quarter. Institutional investors and hedge funds own 80.80% of the company’s stock.

Shares of NFLX stock traded down $1.28 during mid-day trading on Thursday, hitting $337.79. 2,516,423 shares of the stock were exchanged, compared to its average volume of 5,200,361. The firm has a fifty day moving average of $320.71 and a 200 day moving average of $308.14. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.81. Netflix, Inc. has a 52-week low of $252.28 and a 52-week high of $385.99. The company has a market cap of $147.88 billion, a PE ratio of 126.04, a price-to-earnings-growth ratio of 2.07 and a beta of 1.28.

Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, October 16th. The Internet television network reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.42. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The business had revenue of $5.25 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same period in the prior year, the company posted $0.89 EPS. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. Equities analysts predict that Netflix, Inc. will post 3.33 EPS for the current year.

In other news, CEO Reed Hastings sold 54,516 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $312.04, for a total transaction of $17,011,172.64. Following the sale, the chief executive officer now directly owns 54,516 shares of the company’s stock, valued at approximately $17,011,172.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 4.29% of the company’s stock.

NFLX has been the subject of several research reports. Pivotal Research lifted their price objective on shares of Netflix from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Huber Research lowered shares of Netflix from an “overweight” rating to an “underweight” rating in a research note on Thursday, October 17th. Goldman Sachs Group raised their target price on shares of Netflix from $400.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday. Rosenblatt Securities restated a “hold” rating and set a $265.00 target price on shares of Netflix in a research report on Tuesday, December 17th. Finally, SunTrust Banks restated a “buy” rating and set a $402.00 target price on shares of Netflix in a research report on Tuesday, December 17th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $373.29.

Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading: Treasury Bonds

Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.