Maryland State Retirement & Pension System Reduces Holdings in Netflix, Inc. (NASDAQ:NFLX)

Maryland State Retirement & Pension System lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 0.5% in the 4th quarter, Holdings Channel reports. The fund owned 33,613 shares of the Internet television network’s stock after selling 164 shares during the period. Maryland State Retirement & Pension System’s holdings in Netflix were worth $16,365,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NFLX. Private Advisor Group LLC increased its stake in shares of Netflix by 4.5% during the 4th quarter. Private Advisor Group LLC now owns 20,877 shares of the Internet television network’s stock worth $10,165,000 after purchasing an additional 894 shares in the last quarter. Spire Wealth Management increased its position in Netflix by 24.4% during the fourth quarter. Spire Wealth Management now owns 10,505 shares of the Internet television network’s stock worth $5,073,000 after buying an additional 2,061 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Netflix by 14.5% in the fourth quarter. Metis Global Partners LLC now owns 24,105 shares of the Internet television network’s stock worth $11,736,000 after acquiring an additional 3,049 shares during the last quarter. Valley Brook Capital Group Inc. acquired a new position in shares of Netflix in the fourth quarter worth $289,000. Finally, TCI Wealth Advisors Inc. acquired a new position in shares of Netflix in the fourth quarter worth $223,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Netflix Stock Up 1.3 %

NASDAQ:NFLX traded up $7.87 during trading hours on Tuesday, reaching $604.84. The company had a trading volume of 2,379,072 shares, compared to its average volume of 4,403,714. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. The firm has a market cap of $260.66 billion, a price-to-earnings ratio of 41.69, a P/E/G ratio of 1.40 and a beta of 1.23. The business’s 50-day simple moving average is $602.76 and its two-hundred day simple moving average is $530.17. Netflix, Inc. has a twelve month low of $322.03 and a twelve month high of $639.00.

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

Insider Activity

In related news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total transaction of $723,795.30. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $7,413,521.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Gregory K. Peters sold 1,278 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $566.35, for a total value of $723,795.30. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,413,521.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at approximately $717,379.74. The disclosure for this sale can be found here. Insiders sold 157,141 shares of company stock worth $90,796,396 over the last three months. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NFLX shares. UBS Group upped their price objective on shares of Netflix from $570.00 to $685.00 and gave the company a “buy” rating in a research note on Tuesday, February 27th. StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Robert W. Baird boosted their price target on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Oppenheimer reiterated an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research note on Friday, April 19th. Finally, KeyCorp boosted their price objective on Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.