Retirement Systems of Alabama Reduces Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Retirement Systems of Alabama trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 247,042 shares of the Internet television network’s stock after selling 36,656 shares during the period. Retirement Systems of Alabama owned about 0.06% of Netflix worth $120,280,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. KFA Private Wealth Group LLC increased its position in Netflix by 1.9% during the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after buying an additional 18 shares in the last quarter. Addison Advisors LLC increased its position in Netflix by 7.8% during the 4th quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock valued at $134,000 after buying an additional 20 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its position in Netflix by 1.6% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock valued at $635,000 after buying an additional 21 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in Netflix by 5.9% during the 4th quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock valued at $191,000 after buying an additional 22 shares in the last quarter. Finally, Centurion Wealth Management LLC increased its position in Netflix by 2.4% during the 4th quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock valued at $479,000 after buying an additional 23 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now directly owns 28 shares in the company, valued at $17,091.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider David A. Hyman sold 267 shares of Netflix stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total value of $148,454.67. Following the completion of the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders sold a total of 154,573 shares of company stock worth $89,548,241 over the last ninety days. Company insiders own 2.45% of the company’s stock.

Netflix Trading Down 0.6 %

Netflix stock traded down $3.57 during mid-day trading on Friday, hitting $561.23. The company’s stock had a trading volume of 4,332,593 shares, compared to its average volume of 4,190,527. The firm has a market capitalization of $241.83 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 1.37 and a beta of 1.22. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $639.00. The company has a current ratio of 1.07, a quick ratio of 1.12 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average is $604.54 and its two-hundred day moving average is $520.48.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.88 earnings per share. On average, analysts anticipate that Netflix, Inc. will post 18.13 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Rosenblatt Securities dropped their price target on Netflix from $554.00 to $540.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Bank of America boosted their price target on Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Canaccord Genuity Group reiterated a “hold” rating and set a $585.00 price target (down previously from $720.00) on shares of Netflix in a research note on Friday, April 19th. Pivotal Research boosted their price target on Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Finally, Canaccord Genuity Group downgraded Netflix from a “buy” rating to a “hold” rating and dropped their price target for the company from $720.00 to $585.00 in a research note on Friday, April 19th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $630.58.

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.