Focused Wealth Management Inc lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 807 shares of the Internet television network’s stock after selling 54 shares during the quarter. Focused Wealth Management Inc’s holdings in Netflix were worth $261,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Pictet Asset Management Ltd. raised its holdings in shares of Netflix by 3.2% in the 2nd quarter. Pictet Asset Management Ltd. now owns 491,547 shares of the Internet television network’s stock worth $180,555,000 after buying an additional 15,222 shares in the last quarter. Man Group plc increased its holdings in Netflix by 9.0% during the second quarter. Man Group plc now owns 21,907 shares of the Internet television network’s stock valued at $8,046,000 after buying an additional 1,815 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Netflix during the second quarter valued at approximately $184,000. Kings Point Capital Management purchased a new stake in Netflix during the second quarter valued at approximately $154,000. Finally, Change Path LLC increased its holdings in Netflix by 17.6% during the second quarter. Change Path LLC now owns 675 shares of the Internet television network’s stock valued at $248,000 after buying an additional 101 shares during the last quarter. Institutional investors own 80.84% of the company’s stock.

NFLX stock traded down $1.56 during trading on Tuesday, hitting $338.11. The company had a trading volume of 13,974,452 shares, compared to its average volume of 6,035,921. The firm has a market capitalization of $148.03 billion, a P/E ratio of 108.02, a PEG ratio of 2.08 and a beta of 1.28. Netflix, Inc. has a 52-week low of $252.28 and a 52-week high of $385.99. The company has a 50 day simple moving average of $323.71 and a 200-day simple moving average of $307.17. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.81.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $1.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.77. The company had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.45 billion. Netflix had a net margin of 7.49% and a return on equity of 23.65%. The firm’s revenue was up 30.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 EPS. Sell-side analysts forecast that Netflix, Inc. will post 3.34 earnings per share for the current year.

A number of brokerages have commented on NFLX. Oppenheimer reduced their target price on shares of Netflix from $410.00 to $385.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Wells Fargo & Co lowered shares of Netflix from a “market perform” rating to an “underperform” rating and lowered their target price for the stock from $308.00 to $265.00 in a report on Monday, November 25th. Guggenheim lowered their target price on shares of Netflix from $420.00 to $400.00 and set a “buy” rating for the company in a report on Thursday, October 17th. Rosenblatt Securities restated a “hold” rating and issued a $265.00 target price on shares of Netflix in a report on Tuesday, December 17th. Finally, Huber Research lowered shares of Netflix from an “overweight” rating to an “underweight” rating in a report on Thursday, October 17th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Netflix currently has an average rating of “Hold” and an average price target of $372.88.

In related news, CEO Reed Hastings sold 54,516 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $312.04, for a total value of $17,011,172.64. Following the transaction, the chief executive officer now owns 54,516 shares of the company’s stock, valued at approximately $17,011,172.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.72% of the company’s stock.

Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

See Also: Debt-To-Equity Ratio

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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