Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 24.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,700 shares of the Internet television network’s stock after selling 10,800 shares during the quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in Netflix were worth $9,020,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Netflix by 0.8% in the third quarter. Vanguard Group Inc. now owns 30,143,430 shares of the Internet television network’s stock valued at $11,277,562,000 after acquiring an additional 249,147 shares during the last quarter. Vanguard Group Inc grew its holdings in Netflix by 0.8% during the third quarter. Vanguard Group Inc now owns 30,143,430 shares of the Internet television network’s stock worth $11,277,562,000 after purchasing an additional 249,147 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Netflix by 17,848.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock worth $89,000 after purchasing an additional 23,798,143 shares during the period. Capital World Investors grew its holdings in Netflix by 4.6% during the third quarter. Capital World Investors now owns 10,188,305 shares of the Internet television network’s stock worth $3,811,751,000 after purchasing an additional 443,510 shares during the period. Finally, Jennison Associates LLC grew its holdings in Netflix by 9.0% during the fourth quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock worth $2,569,238,000 after purchasing an additional 792,338 shares during the period. 75.02% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ NFLX opened at $375.22 on Thursday. The firm has a market capitalization of $156.64 billion, a P/E ratio of 140.01, a P/E/G ratio of 2.96 and a beta of 1.37. Netflix, Inc. has a twelve month low of $231.23 and a twelve month high of $423.21. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, January 17th. The Internet television network reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. The business had revenue of $4.19 billion during the quarter, compared to the consensus estimate of $4.21 billion. Netflix had a return on equity of 25.82% and a net margin of 7.67%. Netflix’s quarterly revenue was up 27.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. On average, sell-side analysts anticipate that Netflix, Inc. will post 4.05 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. BidaskClub cut Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. ValuEngine upgraded Netflix from a “hold” rating to a “buy” rating in a report on Monday, January 7th. Argus restated a “hold” rating on shares of Netflix in a report on Tuesday, January 22nd. UBS Group restated a “buy” rating and set a $420.00 price objective (up previously from $410.00) on shares of Netflix in a report on Friday, January 18th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $440.00 price objective (up previously from $430.00) on shares of Netflix in a report on Friday, January 18th. Six analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $375.75.

In related news, Director Anne M. Sweeney sold 7,607 shares of the stock in a transaction on Tuesday, February 12th. The stock was sold at an average price of $360.00, for a total value of $2,738,520.00. Following the completion of the sale, the director now directly owns 444 shares in the company, valued at $159,840. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Reed Hastings sold 67,907 shares of the stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total value of $22,285,040.19. Following the completion of the sale, the chief executive officer now owns 67,907 shares of the company’s stock, valued at $22,285,040.19. The disclosure for this sale can be found here. Insiders sold 197,639 shares of company stock valued at $61,581,281 over the last 90 days. 4.29% of the stock is currently owned by company insiders.

WARNING: “Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp Sells 10,800 Shares of Netflix, Inc. (NFLX)” was posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another site, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this piece can be viewed at https://www.thecerbatgem.com/2019/03/21/her-majesty-the-queen-in-right-of-the-province-of-alberta-as-represented-by-alberta-investment-management-corp-sells-10800-shares-of-netflix-inc-nflx.html.

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: Reverse Stock Split

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.