First Citizens Bank & Trust Co. lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 18.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,836 shares of the Internet television network’s stock after selling 1,062 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Netflix were worth $928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its position in Netflix by 0.6% during the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after buying an additional 10 shares during the period. Kalos Management Inc. lifted its holdings in Netflix by 0.7% during the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after purchasing an additional 12 shares during the last quarter. Laurel Wealth Advisors Inc. lifted its holdings in Netflix by 1.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock valued at $515,000 after purchasing an additional 53 shares during the last quarter. Sii Investments Inc. WI lifted its holdings in Netflix by 2.1% during the second quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock valued at $460,000 after purchasing an additional 64 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in Netflix by 2.1% during the second quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock valued at $464,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 83.27% of the company’s stock.

In other Netflix news, General Counsel David A. Hyman sold 63,378 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the transaction, the general counsel now directly owns 43,071 shares in the company, valued at $8,566,821.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jonathan Friedland sold 3,617 shares of the stock in a transaction that occurred on Tuesday, October 17th. The shares were sold at an average price of $203.35, for a total transaction of $735,516.95. The disclosure for this sale can be found here. Insiders sold 340,107 shares of company stock worth $66,056,576 over the last ninety days. 4.90% of the stock is currently owned by insiders.

Shares of Netflix, Inc. (NFLX) opened at $217.24 on Friday. The firm has a market cap of $94,010.00, a P/E ratio of 219.43, a P/E/G ratio of 3.41 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a one year low of $128.50 and a one year high of $217.75.

Netflix (NASDAQ:NFLX) last announced its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The company had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The company’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.12 earnings per share. equities analysts anticipate that Netflix, Inc. will post 1.26 EPS for the current fiscal year.

Several equities research analysts have commented on NFLX shares. Bank of America upped their price objective on shares of Netflix from $225.00 to $199.00 and gave the company a “buy” rating in a report on Friday, December 1st. Goldman Sachs Group set a $250.00 price objective on shares of Netflix and gave the company a “buy” rating in a report on Tuesday, November 28th. Zacks Investment Research raised shares of Netflix from a “hold” rating to a “buy” rating and set a $219.00 price objective on the stock in a report on Monday, November 20th. Jefferies Group set a $165.00 price objective on shares of Netflix and gave the company a “neutral” rating in a report on Monday, September 18th. Finally, Wedbush set a $93.00 price objective on shares of Netflix and gave the company a “sell” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and thirty-six have assigned a buy rating to the company. Netflix currently has a consensus rating of “Buy” and an average target price of $211.77.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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