International Assets Investment Management LLC Cuts Stock Position in Netflix, Inc. (NASDAQ:NFLX)

International Assets Investment Management LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 78.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,891 shares of the Internet television network’s stock after selling 14,370 shares during the quarter. International Assets Investment Management LLC’s holdings in Netflix were worth $2,344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. grew its holdings in Netflix by 1.1% during the third quarter. Tocqueville Asset Management L.P. now owns 24,905 shares of the Internet television network’s stock worth $15,201,000 after acquiring an additional 275 shares during the period. Fernbridge Capital Management LP grew its holdings in Netflix by 46.9% during the third quarter. Fernbridge Capital Management LP now owns 121,640 shares of the Internet television network’s stock worth $74,242,000 after acquiring an additional 38,847 shares during the period. Personal CFO Solutions LLC grew its holdings in Netflix by 11.1% during the third quarter. Personal CFO Solutions LLC now owns 3,040 shares of the Internet television network’s stock worth $1,855,000 after acquiring an additional 304 shares during the period. Financial Advisory Service Inc. grew its holdings in Netflix by 18.3% during the third quarter. Financial Advisory Service Inc. now owns 1,315 shares of the Internet television network’s stock worth $803,000 after acquiring an additional 203 shares during the period. Finally, Illinois Municipal Retirement Fund grew its holdings in Netflix by 21.0% during the fourth quarter. Illinois Municipal Retirement Fund now owns 8,287 shares of the Internet television network’s stock worth $4,992,000 after acquiring an additional 1,441 shares during the period. Institutional investors and hedge funds own 80.97% of the company’s stock.

Shares of NASDAQ NFLX traded up $13.33 during mid-day trading on Friday, hitting $187.64. The company had a trading volume of 13,107,053 shares, compared to its average volume of 23,683,548. The stock has a market cap of $83.36 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 0.87 and a beta of 1.28. Netflix, Inc. has a 12 month low of $162.71 and a 12 month high of $700.99. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.05 and a quick ratio of 1.05. The firm’s 50 day simple moving average is $302.23 and its two-hundred day simple moving average is $458.02.

Netflix (NASDAQ:NFLXGet Rating) last announced its earnings results on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share for the quarter, beating the consensus estimate of $2.92 by $0.61. The firm had revenue of $7.87 billion for the quarter, compared to the consensus estimate of $7.94 billion. Netflix had a return on equity of 32.01% and a net margin of 16.47%. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.75 EPS. Equities analysts forecast that Netflix, Inc. will post 10.88 earnings per share for the current year.

NFLX has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on Netflix from $425.00 to $300.00 and set an “equal weight” rating on the stock in a report on Thursday, April 21st. Moffett Nathanson lowered their target price on Netflix from $460.00 to $375.00 and set a “neutral” rating on the stock in a report on Friday, January 21st. DZ Bank lowered Netflix from a “buy” rating to a “hold” rating and set a $280.00 target price on the stock. in a report on Thursday, April 21st. Wolfe Research lowered their target price on Netflix from $694.00 to $497.00 and set an “outperform” rating on the stock in a report on Friday, January 21st. Finally, Barclays lowered their target price on Netflix from $380.00 to $275.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 20th. Three analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $386.31.

About Netflix (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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