InterOcean Capital Group LLC Sells 30 Shares of Netflix, Inc. (NASDAQ:NFLX)

InterOcean Capital Group LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,770 shares of the Internet television network’s stock after selling 30 shares during the quarter. InterOcean Capital Group LLC’s holdings in Netflix were worth $862,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Jennison Associates LLC increased its stake in shares of Netflix by 40.6% in the 4th 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 period. Norges Bank acquired a new stake in shares of Netflix in the 4th quarter valued at $2,558,598,000. Northern Trust Corp increased its stake in shares of Netflix by 2.1% in the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock valued at $1,749,712,000 after buying an additional 96,938 shares during the period. Fisher Asset Management LLC increased its stake in shares of Netflix by 1.9% in the 4th quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock valued at $2,006,483,000 after buying an additional 78,298 shares during the period. Finally, Clearbridge Investments LLC increased its stake in shares of Netflix by 5.3% in the 3rd quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock valued at $1,051,123,000 after buying an additional 139,165 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 3,673 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total transaction of $2,203,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Ann Mather sold 3,673 shares of the stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $2,203,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 268 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at approximately $18,764,328.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 78,039 shares of company stock worth $46,401,083. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

Shares of NASDAQ:NFLX traded down $3.13 during trading on Thursday, hitting $637.34. 439,782 shares of the company were exchanged, compared to its average volume of 4,234,317. The business’s 50 day moving average is $606.33 and its 200-day moving average is $546.83. The company has a market capitalization of $274.69 billion, a P/E ratio of 44.45, a price-to-earnings-growth ratio of 1.41 and a beta of 1.23. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1-year low of $344.73 and a 1-year high of $650.88.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data 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 business had revenue of $9.37 billion during 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%. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.88 earnings per share. Equities analysts forecast that Netflix, Inc. will post 18.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

NFLX has been the topic of several recent research reports. Morgan Stanley raised their price target on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Bank of America lifted their target price on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Jefferies Financial Group reiterated a “buy” rating and set a $655.00 target price on shares of Netflix in a report on Wednesday, May 15th. Guggenheim boosted their price target on Netflix from $600.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, April 16th. Finally, Canaccord Genuity Group lowered Netflix from a “buy” rating to a “hold” rating and cut their price target for the company from $720.00 to $585.00 in a report on Friday, April 19th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $630.53.

Netflix 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.