Gateway Investment Advisers LLC Trims Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Gateway Investment Advisers LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 12.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 101,245 shares of the Internet television network’s stock after selling 13,929 shares during the period. Gateway Investment Advisers LLC’s holdings in Netflix were worth $61,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Spartan Planning & Wealth Management acquired a new stake in shares of Netflix in the third quarter valued at about $26,000. VitalStone Financial LLC grew its position in shares of Netflix by 933.3% in the fourth quarter. VitalStone Financial LLC now owns 62 shares of the Internet television network’s stock valued at $30,000 after purchasing an additional 56 shares during the period. Beaird Harris Wealth Management LLC grew its position in shares of Netflix by 1,550.0% in the fourth quarter. Beaird Harris Wealth Management LLC now owns 66 shares of the Internet television network’s stock valued at $32,000 after purchasing an additional 62 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of Netflix in the fourth quarter valued at about $32,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in 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 worth $36,000 after acquiring an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Down 0.1 %

Shares of Netflix stock traded down $0.38 during trading hours on Tuesday, hitting $668.64. The company had a trading volume of 883,562 shares, compared to its average volume of 4,002,104. The company’s 50-day moving average is $622.68 and its two-hundred day moving average is $579.07. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $689.88. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market cap of $288.18 billion, a P/E ratio of 46.33, a price-to-earnings-growth ratio of 1.48 and a beta of 1.26.

Netflix (NASDAQ:NFLXGet Free Report) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. The firm had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. Netflix’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.88 EPS. Analysts anticipate that Netflix, Inc. will post 18.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of a number of recent research reports. CICC Research initiated coverage on shares of Netflix in a research report on Thursday, May 2nd. They set an “outperform” rating and a $650.00 price target on the stock. Citigroup boosted their price target on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Morgan Stanley boosted their price target on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. StockNews.com upgraded shares of Netflix from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Finally, Pivotal Research boosted their target price on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $633.53.

Get Our Latest Analysis on NFLX

Insider Buying and Selling

In other Netflix news, Director Anne M. Sweeney sold 633 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total transaction of $354,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Anne M. Sweeney sold 633 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $560.00, for a total value of $354,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider David A. Hyman sold 268 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $593.62, for a total transaction of $159,090.16. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. Insiders sold a total of 69,425 shares of company stock worth $41,919,791 in the last 90 days. Company insiders own 1.76% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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