Flputnam Investment Management Co. Sells 946 Shares of Netflix, Inc. (NASDAQ:NFLX)

Flputnam Investment Management Co. decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 29.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,313 shares of the Internet television network’s stock after selling 946 shares during the period. Flputnam Investment Management Co.’s holdings in Netflix were worth $1,126,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Authentikos Wealth Advisory LLC bought a new position in shares of Netflix in the 3rd quarter valued at $25,000. Spartan Planning & Wealth Management acquired a new stake in shares of Netflix during the 3rd quarter valued at $26,000. Carmel Capital Partners LLC boosted its holdings in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC boosted its holdings in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares in the last quarter. Finally, Evermay Wealth Management LLC boosted its holdings in shares of Netflix by 94.9% during the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock valued at $40,000 after acquiring an additional 56 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX opened at $617.52 on Wednesday. The firm has a market capitalization of $267.24 billion, a P/E ratio of 51.42, a P/E/G ratio of 1.64 and a beta of 1.22. The stock has a 50 day moving average price of $603.65 and a two-hundred day moving average price of $510.44. Netflix, Inc. has a 52 week low of $315.62 and a 52 week high of $639.00. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.12 and a current ratio of 1.12.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company’s revenue for the quarter was up 12.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. Equities analysts forecast that Netflix, Inc. will post 17.03 earnings per share for the current fiscal year.

Insider Activity at Netflix

In related news, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Chairman Reed Hastings sold 18,494 shares of the firm’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $611.22, for a total transaction of $11,303,902.68. Following the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at $17,114.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 5,352 shares of the stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $8,181,250. The disclosure for this sale can be found here. Insiders have sold a total of 268,335 shares of company stock valued at $151,619,811 over the last 90 days. 2.45% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms recently weighed in on NFLX. Oppenheimer raised their price objective on Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a report on Monday, March 11th. BMO Capital Markets lifted their target price on Netflix from $566.00 to $638.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. 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. Wedbush lifted their target price on Netflix from $615.00 to $725.00 and gave the stock an “outperform” rating in a report on Wednesday, March 27th. Finally, Morgan Stanley lifted their target price on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus target price of $603.48.

About Netflix

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.