Texas Permanent School Fund lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 118,133 shares of the Internet television network’s stock after selling 1,518 shares during the period. Texas Permanent School Fund’s holdings in Netflix were worth $22,677,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Quadrant Capital Group LLC grew its position in Netflix by 0.6% in the second quarter. Quadrant Capital Group LLC now owns 1,684 shares of the Internet television network’s stock valued at $229,000 after acquiring an additional 10 shares during the last quarter. Kalos Management Inc. grew its position in Netflix by 0.7% in the second quarter. Kalos Management Inc. now owns 1,621 shares of the Internet television network’s stock valued at $242,000 after acquiring an additional 12 shares during the last quarter. Laurel Wealth Advisors Inc. grew its position in Netflix by 1.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 3,452 shares of the Internet television network’s stock valued at $515,000 after acquiring an additional 53 shares during the last quarter. Sii Investments Inc. WI grew its position in Netflix by 2.1% in the second quarter. Sii Investments Inc. WI now owns 3,075 shares of the Internet television network’s stock valued at $460,000 after acquiring an additional 64 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its position in Netflix by 2.1% in the second quarter. Sunbelt Securities Inc. now owns 3,103 shares of the Internet television network’s stock valued at $464,000 after acquiring 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 business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $198.90, for a total value of $12,605,884.20. Following the transaction, the general counsel now directly owns 43,071 shares of the company’s stock, valued at $8,566,821.90. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard N. Barton sold 700 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $197.38, for a total value of $138,166.00. Following the completion of the transaction, the director now directly owns 7,362 shares in the company, valued at $1,453,111.56. The disclosure for this sale can be found here. Over the last three months, insiders sold 258,216 shares of company stock worth $50,391,195. Insiders own 4.90% of the company’s stock.

Shares of Netflix, Inc. (NASDAQ NFLX) traded up $22.61 on Tuesday, reaching $250.19. The company’s stock had a trading volume of 22,922,904 shares, compared to its average volume of 7,130,000. Netflix, Inc. has a 12-month low of $137.03 and a 12-month high of $257.71. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. The firm has a market capitalization of $108,100.00, a price-to-earnings ratio of 200.15, a PEG ratio of 3.56 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 16th. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Netflix had a return on equity of 14.56% and a net margin of 4.04%. The firm had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was up 32.6% compared to the same quarter last year. equities research analysts expect that Netflix, Inc. will post 1.25 EPS for the current fiscal year.

NFLX has been the topic of a number of recent analyst reports. Loop Capital lifted their target price on Netflix from $228.00 to $242.00 and gave the company a “buy” rating in a research report on Tuesday, October 17th. Morgan Stanley reissued an “overweight” rating and set a $255.00 price target (up from $235.00) on shares of Netflix in a research note on Thursday, January 18th. Royal Bank of Canada reissued an “outperform” rating and set a $210.00 price target on shares of Netflix in a research note on Friday, October 6th. Canaccord Genuity lifted their price target on Netflix from $225.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Buckingham Research reissued a “buy” rating and set a $214.00 price target on shares of Netflix in a research note on Monday, October 9th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirty-five have assigned a buy rating to the company’s stock. Netflix has a consensus rating of “Buy” and a consensus price target of $230.86.

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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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