Sienna Gestion Lowers Stake in Netflix, Inc. (NASDAQ:NFLX)

Sienna Gestion reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 93.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,494 shares of the Internet television network’s stock after selling 21,479 shares during the quarter. Sienna Gestion’s holdings in Netflix were worth $1,331,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Midwest Professional Planners LTD. grew its holdings in shares of Netflix by 4.7% during the 4th quarter. Midwest Professional Planners LTD. now owns 379 shares of the Internet television network’s stock valued at $338,000 after purchasing an additional 17 shares during the last quarter. Analyst IMS Investment Management Services Ltd. grew its stake in shares of Netflix by 22.4% during the fourth quarter. Analyst IMS Investment Management Services Ltd. now owns 1,310 shares of the Internet television network’s stock valued at $1,168,000 after buying an additional 240 shares during the last quarter. Left Brain Wealth Management LLC grew its stake in shares of Netflix by 8.5% during the fourth quarter. Left Brain Wealth Management LLC now owns 11,880 shares of the Internet television network’s stock valued at $10,589,000 after buying an additional 930 shares during the last quarter. Atala Financial Inc purchased a new position in shares of Netflix in the fourth quarter worth about $366,000. Finally, Parnassus Investments LLC lifted its stake in shares of Netflix by 8.7% in the 4th quarter. Parnassus Investments LLC now owns 1,234 shares of the Internet television network’s stock valued at $1,100,000 after acquiring an additional 99 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NFLX. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Bank of America raised their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Guggenheim upped their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Citigroup raised their price target on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Finally, Oppenheimer upped their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,014.26.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the sale, the chairman now owns 114 shares of the company’s stock, valued at approximately $101,241.12. The trade was a 99.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 288,103 shares of company stock valued at $279,142,041. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

Shares of NFLX stock opened at $890.17 on Friday. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a 50 day moving average price of $950.30 and a 200-day moving average price of $846.09. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm has a market capitalization of $380.78 billion, a PE ratio of 44.89, a P/E/G ratio of 2.12 and a beta of 1.38.

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

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.