Grandview Asset Management LLC Sells 45 Shares of Netflix, Inc. (NASDAQ:NFLX)

Grandview Asset Management LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 1.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,151 shares of the Internet television network’s stock after selling 45 shares during the period. Netflix accounts for approximately 1.0% of Grandview Asset Management LLC’s investment portfolio, making the stock its 23rd biggest position. Grandview Asset Management LLC’s holdings in Netflix were worth $2,809,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. State Street Corp increased its holdings in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after purchasing an additional 426,740 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Netflix by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after buying an additional 316,594 shares during the period. International Assets Investment Management LLC raised its holdings in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Netflix by 0.5% during the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after buying an additional 23,702 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Price Performance

Shares of NFLX opened at $840.29 on Tuesday. The stock has a market cap of $359.19 billion, a P/E ratio of 47.55, a P/E/G ratio of 1.77 and a beta of 1.27. The business’s fifty day moving average is $879.75 and its 200 day moving average is $754.88. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12-month low of $475.26 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The firm had revenue of $9.82 billion during the quarter, compared to analysts’ expectations of $9.77 billion. Sell-side analysts anticipate that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on NFLX shares. BMO Capital Markets restated an “outperform” rating and issued a $825.00 price target (up from $770.00) on shares of Netflix in a research report on Friday, October 18th. Benchmark raised their target price on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Bank of America upped their price target on Netflix from $800.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, November 21st. Wolfe Research restated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Finally, Morgan Stanley upped their target price on Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $832.94.

Insider Activity at Netflix

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gregory K. Peters sold 4,186 shares of Netflix stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $9,817,500. This represents a 24.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 156,742 shares of company stock valued at $131,030,268 over the last 90 days. Insiders own 1.76% of the company’s stock.

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.