Syon Capital LLC Sells 382 Shares of Netflix, Inc. (NASDAQ:NFLX)

by · The Cerbat Gem

Syon Capital LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX – Free Report) by 7.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,491 shares of the Internet television network’s stock after selling 382 shares during the period. Syon Capital LLC’s holdings in Netflix were worth $4,003,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Netflix during the 4th quarter valued at approximately $5,019,087,000. Proficio Capital Partners LLC raised its holdings in Netflix by 123,836.7% during the 4th quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock valued at $1,716,662,000 after acquiring an additional 1,924,423 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock worth $2,051,016,000 after acquiring an additional 856,307 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock worth $870,752,000 after acquiring an additional 743,724 shares during the period. Finally, Strategic Financial Concepts LLC grew its position in shares of Netflix by 112,896.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 381,928 shares of the Internet television network’s stock valued at $340,420,000 after purchasing an additional 381,590 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company’s stock, valued at $362,933.10. This represents a 98.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold 274,472 shares of company stock worth $268,079,297 over the last three months. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on NFLX shares. Wedbush raised their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Monday. Wells Fargo & Company raised their price objective on shares of Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a research report on Monday. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a research note on Thursday, January 23rd. Macquarie increased their target price on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Bank of America raised their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,070.65.

Check Out Our Latest Stock Analysis on NFLX

Netflix Price Performance

NFLX opened at $1,040.34 on Wednesday. The stock’s 50 day moving average price is $954.01 and its 200-day moving average price is $897.26. Netflix, Inc. has a 52-week low of $544.25 and a 52-week high of $1,064.97. The stock has a market capitalization of $445.01 billion, a PE ratio of 52.46, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. 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 – Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the business earned $8.28 EPS. On average, equities research analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Profile

(Free Report)

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.

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