Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Blue Barn Wealth LLC

Blue Barn Wealth LLC cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 27.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,223 shares of the Internet television network’s stock after selling 454 shares during the quarter. Blue Barn Wealth LLC’s holdings in Netflix were worth $595,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC raised its position in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock valued at $2,654,602,000 after buying an additional 1,573,978 shares during the last quarter. Northern Trust Corp lifted its stake in Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after purchasing an additional 96,938 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Netflix by 1.9% during the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after purchasing an additional 78,298 shares during the last quarter. Clearbridge Investments LLC lifted its position in Netflix by 5.3% during the third quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after buying an additional 139,165 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Netflix by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,439,493 shares of the Internet television network’s stock worth $1,187,740,000 after buying an additional 45,865 shares during the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Director Jay C. Hoag sold 8,866 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $562.85, for a total value of $4,990,228.10. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Jay C. Hoag sold 8,866 shares of Netflix stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $562.85, for a total value of $4,990,228.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The disclosure for this sale can be found here. Insiders sold 155,298 shares of company stock valued at $89,753,167 in the last quarter. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 0.6 %

Shares of NFLX stock traded up $3.47 on Wednesday, reaching $609.47. 3,083,850 shares of the company’s stock traded hands, compared to its average volume of 4,404,095. The company has a market capitalization of $262.66 billion, a P/E ratio of 42.67, a price-to-earnings-growth ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a 12-month low of $329.51 and a 12-month high of $639.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The business’s 50 day moving average price is $602.85 and its two-hundred day moving average price is $531.62.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.88 EPS. On average, equities analysts forecast that Netflix, Inc. will post 18.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wells Fargo & Company increased their price objective on Netflix from $650.00 to $726.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. boosted their price target on shares of Netflix from $610.00 to $650.00 and gave the company an “overweight” rating in a research note on Monday, April 8th. Canaccord Genuity Group cut Netflix from a “buy” rating to a “hold” rating and decreased their price target for the stock from $720.00 to $585.00 in a research note on Friday, April 19th. CICC Research started coverage on Netflix in a research note on Thursday, May 2nd. They set an “outperform” rating and a $650.00 target price on the stock. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $631.15.

Netflix Company Profile

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.