Netflix, Inc. (NASDAQ:NFLX) Position Cut by California Public Employees Retirement System

California Public Employees Retirement System trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 785,855 shares of the Internet television network’s stock after selling 28,464 shares during the quarter. California Public Employees Retirement System owned approximately 0.18% of Netflix worth $382,617,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Authentikos Wealth Advisory LLC acquired a new position in shares of Netflix during the third quarter valued at $25,000. Spartan Planning & Wealth Management acquired a new position in shares of Netflix during the third quarter valued at $26,000. Carmel Capital Partners LLC increased its holdings in shares of Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 58 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in shares of Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after purchasing an additional 35 shares during the period. Finally, Pacifica Partners Inc. acquired a new position in shares of Netflix during the fourth quarter valued at $41,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Stock Down 0.1 %

Shares of Netflix stock traded down $0.44 during trading on Monday, hitting $554.60. 8,594,493 shares of the stock traded hands, compared to its average volume of 4,511,112. The stock has a market cap of $238.98 billion, a P/E ratio of 38.24, a PEG ratio of 1.49 and a beta of 1.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The company has a fifty day moving average price of $605.65 and a two-hundred day moving average price of $514.99.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.88 EPS. Equities research analysts predict that Netflix, Inc. will post 17.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. DZ Bank raised Netflix from a “hold” rating to a “buy” rating and set a $600.00 price target on the stock in a report on Thursday, January 25th. KeyCorp lifted their target price on Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. TD Cowen lifted their target price on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Robert W. Baird lifted their target price on Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Netflix from $525.00 to $550.00 and gave the stock a “hold” rating in a report on Monday, April 15th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Netflix has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 13,655 shares of the firm’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total value of $7,425,589.00. Following the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $7,118,342. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of Netflix stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the transaction, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Gregory K. Peters sold 13,655 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total value of $7,425,589.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,118,342. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 268,335 shares of company stock valued at $151,619,811. Corporate insiders own 2.45% of the company’s stock.

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.