Intermede Investment Partners Ltd Decreases Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Intermede Investment Partners Ltd lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 42.4% in the 4th quarter, Holdings Channel reports. The firm owned 115,438 shares of the Internet television network’s stock after selling 85,084 shares during the period. Netflix makes up 2.7% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 19th largest holding. Intermede Investment Partners Ltd’s holdings in Netflix were worth $102,892,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Nordea Investment Management AB grew its holdings in Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after buying an additional 156,958 shares in the last quarter. Haven Private LLC purchased a new position in shares of Netflix in the fourth quarter valued at $733,000. Charles Schwab Investment Management Inc. increased its position in Netflix by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Sigma Planning Corp raised its stake in Netflix by 7.4% during the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock valued at $4,966,000 after purchasing an additional 386 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in Netflix by 2.0% during the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after purchasing an additional 11,921 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 2.7 %

NASDAQ:NFLX opened at $919.68 on Thursday. The firm has a 50-day simple moving average of $950.23 and a 200-day simple moving average of $845.78. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm has a market cap of $393.40 billion, a P/E ratio of 46.38, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business earned $2.11 earnings per share. Netflix’s revenue was up 16.0% on a year-over-year basis. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the firm’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock worth $279,142,041 in the last three months. 1.76% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NFLX. Robert W. Baird boosted their target price on shares of Netflix from $875.00 to $1,200.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. StockNews.com lowered Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $650.00 to $875.00 and gave the stock a “hold” rating in a report on Wednesday, January 22nd. Finally, KeyCorp increased their price target on Netflix from $1,000.00 to $1,100.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and an average target price of $1,014.26.

About Netflix

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.