New Mexico Educational Retirement Board Sells 700 Shares of Netflix, Inc. (NFLX)

New Mexico Educational Retirement Board decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,321 shares of the Internet television network’s stock after selling 700 shares during the period. New Mexico Educational Retirement Board’s holdings in Netflix were worth $12,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Allred Capital Management LLC boosted its stake in shares of Netflix by 4.5% during the first quarter. Allred Capital Management LLC now owns 2,028 shares of the Internet television network’s stock worth $746,000 after buying an additional 87 shares during the period. Shine Investment Advisory Services Inc. lifted its position in Netflix by 62.1% in the first quarter. Shine Investment Advisory Services Inc. now owns 274 shares of the Internet television network’s stock valued at $98,000 after purchasing an additional 105 shares during the period. Kessler Investment Group LLC lifted its position in Netflix by 5.9% in the first quarter. Kessler Investment Group LLC now owns 16,965 shares of the Internet television network’s stock valued at $6,049,000 after purchasing an additional 950 shares during the period. Pennsylvania Trust Co lifted its position in Netflix by 1,227.0% in the first quarter. Pennsylvania Trust Co now owns 13,084 shares of the Internet television network’s stock valued at $821,000 after purchasing an additional 12,098 shares during the period. Finally, KMG Fiduciary Partners LLC lifted its position in Netflix by 34.0% in the first quarter. KMG Fiduciary Partners LLC now owns 3,449 shares of the Internet television network’s stock valued at $1,230,000 after purchasing an additional 876 shares during the period. Institutional investors and hedge funds own 76.10% of the company’s stock.

Shares of NFLX opened at $359.46 on Wednesday. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49. Netflix, Inc. has a 1-year low of $231.23 and a 1-year high of $423.21. The company has a market cap of $152.32 billion, a PE ratio of 134.13, a price-to-earnings-growth ratio of 2.92 and a beta of 1.36.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, April 16th. The Internet television network reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.19. Netflix had a net margin of 7.67% and a return on equity of 25.82%. The business had revenue of $4.52 billion during the quarter, compared to analysts’ expectations of $4.50 billion. During the same period last year, the company posted $0.64 EPS. The company’s revenue was up 22.2% on a year-over-year basis. As a group, sell-side analysts expect that Netflix, Inc. will post 3.98 earnings per share for the current fiscal year.

In other news, CEO Reed Hastings sold 67,907 shares of the firm’s stock in a transaction that occurred on Tuesday, January 22nd. The shares were sold at an average price of $328.17, for a total transaction of $22,285,040.19. Following the completion of the transaction, the chief executive officer now directly owns 67,907 shares of the company’s stock, valued at approximately $22,285,040.19. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anne M. Sweeney sold 7,607 shares of the firm’s stock in a transaction that occurred on Tuesday, February 12th. The stock was sold at an average price of $360.00, for a total transaction of $2,738,520.00. Following the transaction, the director now directly owns 444 shares of the company’s stock, valued at $159,840. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,381 shares of company stock valued at $64,721,327. Corporate insiders own 4.29% of the company’s stock.

A number of brokerages recently commented on NFLX. Sanford C. Bernstein restated a “buy” rating and issued a $421.00 price objective on shares of Netflix in a research report on Tuesday, December 18th. SunTrust Banks restated a “buy” rating and issued a $402.00 price objective on shares of Netflix in a research report on Wednesday, March 27th. UBS Group began coverage on shares of Netflix in a research report on Tuesday, April 2nd. They issued a “neutral” rating and a $350.00 price objective for the company. Pivotal Research restated a “buy” rating and issued a $500.00 price objective on shares of Netflix in a research report on Tuesday. Finally, Credit Suisse Group set a $450.00 price objective on shares of Netflix and gave the company a “buy” rating in a research report on Wednesday. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $383.45.

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Netflix Company Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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