Viking Global Investors LP Lowers Holdings in Netflix, Inc. (NFLX)
Viking Global Investors LP reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,731,016 shares of the Internet television network’s stock after selling 190,329 shares during the quarter. Netflix comprises 4.4% of Viking Global Investors LP’s portfolio, making the stock its 6th biggest holding. Viking Global Investors LP’s holdings in Netflix were worth $716,206,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of NFLX. SG Americas Securities LLC grew its position in Netflix by 103.9% during the fourth quarter. SG Americas Securities LLC now owns 25,426 shares of the Internet television network’s stock worth $4,881,000 after buying an additional 675,267 shares during the period. Tybourne Capital Management HK Ltd. grew its position in Netflix by 43.4% during the fourth quarter. Tybourne Capital Management HK Ltd. now owns 1,673,200 shares of the Internet television network’s stock worth $321,187,000 after buying an additional 506,700 shares during the period. Truepoint Inc. grew its position in Netflix by 18,035.0% during the third quarter. Truepoint Inc. now owns 402,416 shares of the Internet television network’s stock worth $402,000 after buying an additional 400,197 shares during the period. Wells Fargo & Company MN grew its position in Netflix by 22.5% during the fourth quarter. Wells Fargo & Company MN now owns 1,934,754 shares of the Internet television network’s stock worth $371,396,000 after buying an additional 354,801 shares during the period. Finally, AGF Investments Inc. acquired a new position in Netflix during the third quarter worth about $60,036,000. Institutional investors own 80.82% of the company’s stock.
In other news, insider Theodore A. Sarandos sold 163,747 shares of the stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $262.91, for a total value of $43,050,723.77. Following the completion of the sale, the insider now owns 23,953 shares of the company’s stock, valued at $6,297,483.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director A George Battle sold 10,716 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total transaction of $2,769,978.84. Following the completion of the sale, the director now directly owns 2,575 shares of the company’s stock, valued at approximately $665,611.75. The disclosure for this sale can be found here. Insiders sold 473,789 shares of company stock valued at $116,214,109 in the last three months. Company insiders own 4.90% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ:NFLX) opened at $331.44 on Friday. Netflix, Inc. has a 52-week low of $138.66 and a 52-week high of $331.44. The stock has a market cap of $143,830.00, a price-to-earnings ratio of 231.78, a PEG ratio of 4.55 and a beta of 0.95. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 1.81.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The company had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.28 billion. During the same quarter in the prior year, the business earned $0.15 earnings per share. The business’s quarterly revenue was up 32.6% compared to the same quarter last year. research analysts forecast that Netflix, Inc. will post 2.73 EPS for the current fiscal year.
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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