Netflix, Inc. (NASDAQ:NFLX) Shares Sold by QV Investors Inc.

QV Investors Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 54.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,840 shares of the Internet television network’s stock after selling 3,390 shares during the quarter. QV Investors Inc.’s holdings in Netflix were worth $2,531,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Netflix during the 3rd quarter valued at about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the 3rd quarter worth approximately $38,000. Finally, First Personal Financial Services bought a new stake in shares of Netflix in the 3rd quarter worth approximately $40,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Performance

NFLX traded down $0.10 during trading on Monday, reaching $837.59. 1,554,677 shares of the company’s stock were exchanged, compared to its average volume of 2,861,208. The company has a market capitalization of $358.03 billion, a P/E ratio of 47.40, a PEG ratio of 1.77 and a beta of 1.27. The business has a 50 day moving average price of $878.06 and a 200 day moving average price of $753.78. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. 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 (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. As a group, analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at $24,202,828.70. The trade was a 0.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the transaction, the chairman now owns 114 shares in the company, valued at approximately $102,212.40. This trade represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 156,742 shares of company stock valued at $131,030,268. 1.76% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NFLX. Wolfe Research reaffirmed an “outperform” rating on shares of Netflix in a report on Friday, October 18th. Rosenblatt Securities lifted their price target on Netflix from $635.00 to $680.00 and gave the stock a “neutral” rating in a research note on Friday, October 18th. KeyCorp raised their target price on shares of Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Morgan Stanley upped their price target on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Argus boosted their target price on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $827.79.

About Netflix

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.