Vestmark Advisory Solutions Inc. Sells 4,112 Shares of Netflix, Inc. (NASDAQ:NFLX)

Vestmark Advisory Solutions Inc. lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 45.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,028 shares of the Internet television network’s stock after selling 4,112 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Netflix were worth $2,448,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Columbia Trust Co 01012016 increased its stake in Netflix by 15.3% in the 4th quarter. Columbia Trust Co 01012016 now owns 1,566 shares of the Internet television network’s stock worth $762,000 after acquiring an additional 208 shares during the last quarter. Crumly & Associates Inc. lifted its position in Netflix by 4.1% during the fourth quarter. Crumly & Associates Inc. now owns 2,105 shares of the Internet television network’s stock valued at $1,025,000 after purchasing an additional 83 shares during the last quarter. Venture Visionary Partners LLC grew its stake in Netflix by 15.4% in the 4th quarter. Venture Visionary Partners LLC now owns 9,849 shares of the Internet television network’s stock worth $4,795,000 after buying an additional 1,318 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Netflix by 142.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after buying an additional 392,427 shares during the last quarter. Finally, Sandy Cove Advisors LLC raised its position in shares of Netflix by 10.6% during the 4th quarter. Sandy Cove Advisors LLC now owns 1,187 shares of the Internet television network’s stock valued at $578,000 after buying an additional 114 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total value of $10,126,825.94. Following the transaction, the chairman now owns 28 shares in the company, valued at approximately $15,443.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the sale, the chairman now owns 28 shares of the company’s stock, valued at $15,443.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction that occurred 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 directly owns 31,610 shares in the company, valued at $17,575,476.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 152,833 shares of company stock valued at $88,270,051. 1.76% of the stock is currently owned by corporate insiders.

Netflix Stock Up 2.5 %

Shares of NFLX stock traded up $14.19 during mid-day trading on Friday, reaching $579.34. 3,307,524 shares of the company’s stock traded hands, compared to its average volume of 4,520,712. 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 company’s 50-day moving average price is $602.57 and its 200-day moving average price is $526.33. The company has a market cap of $249.67 billion, a P/E ratio of 40.20, a P/E/G ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a 12 month low of $317.95 and a 12 month high of $639.00.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Citigroup upped their target price on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft raised their price objective on Netflix from $525.00 to $550.00 and gave the company a “hold” rating in a report on Monday, April 15th. Oppenheimer restated an “outperform” rating and issued a $725.00 target price on shares of Netflix in a research report on Friday, April 19th. Canaccord Genuity Group cut shares of Netflix from a “buy” rating to a “hold” rating and reduced their price target for the company from $720.00 to $585.00 in a research report on Friday, April 19th. Finally, Jefferies Financial Group lifted their price target on shares of Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $631.15.

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.