Netflix, Inc. (NASDAQ:NFLX) Stake Decreased by Ted Buchan & Co

Ted Buchan & Co trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,552 shares of the Internet television network’s stock after selling 23 shares during the quarter. Ted Buchan & Co’s holdings in Netflix were worth $1,383,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Wedbush Securities Inc. raised its stake in shares of Netflix by 0.8% during the fourth quarter. Wedbush Securities Inc. now owns 15,357 shares of the Internet television network’s stock valued at $13,688,000 after purchasing an additional 129 shares in the last quarter. Pilgrim Partners Asia Pte Ltd bought a new stake in shares of Netflix during the 4th quarter worth about $1,399,000. Oarsman Capital Inc. lifted its stake in shares of Netflix by 44.8% in the 4th quarter. Oarsman Capital Inc. now owns 388 shares of the Internet television network’s stock worth $346,000 after acquiring an additional 120 shares during the period. Resona Asset Management Co. Ltd. acquired a new stake in shares of Netflix in the 4th quarter worth approximately $110,197,000. Finally, Pamalican Asset Management Ltd bought a new position in shares of Netflix in the fourth quarter valued at approximately $6,952,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of Netflix stock opened at $855.86 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a fifty day simple moving average of $970.24 and a 200-day simple moving average of $874.63. The stock has a market capitalization of $366.10 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

Netflix (NASDAQ:NFLX) last released 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. The firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business’s revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.11 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

NFLX has been the subject of a number of research analyst reports. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. UBS Group set a $1,000.00 price objective on Netflix in a report on Monday, March 24th. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. JPMorgan Chase & Co. upped their price target on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Finally, Seaport Res Ptn upgraded shares of Netflix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 15th. Ten research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,023.74.

Insider Buying and Selling at Netflix

In other news, CFO Spencer Adam Neumann sold 2,601 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the transaction, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,402,068.52. The trade was a 41.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 25,360 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares of the company’s stock, valued at approximately $362,933.10. The trade was a 98.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 280,676 shares of company stock valued at $273,515,672 in the last 90 days. 1.76% of the stock is currently owned by insiders.

Netflix 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.