Charles Carroll Financial Partners LLC Trims Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Charles Carroll Financial Partners LLC decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 10.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,586 shares of the Internet television network’s stock after selling 555 shares during the quarter. Netflix makes up 2.4% of Charles Carroll Financial Partners LLC’s portfolio, making the stock its 13th biggest holding. Charles Carroll Financial Partners LLC’s holdings in Netflix were worth $2,233,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Jennison Associates LLC boosted its stake in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after acquiring an additional 1,573,978 shares during the period. Northern Trust Corp boosted its stake in shares of Netflix by 2.1% in the third quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after acquiring an additional 96,938 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Netflix by 1.9% in the fourth quarter. Fisher Asset Management LLC now owns 4,121,104 shares of the Internet television network’s stock worth $2,006,483,000 after acquiring an additional 78,298 shares during the period. Clearbridge Investments LLC boosted its stake in shares of Netflix by 5.3% in the third quarter. Clearbridge Investments LLC now owns 2,783,694 shares of the Internet television network’s stock worth $1,051,123,000 after acquiring an additional 139,165 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Netflix by 0.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,393,628 shares of the Internet television network’s stock valued at $903,834,000 after buying an additional 14,364 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 18,361 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was 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 in the company, valued at $15,443.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, insider David A. Hyman sold 267 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction on 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 sale, the chairman now owns 28 shares of the company’s stock, valued at approximately $15,443.12. The disclosure for this sale can be found here. Insiders sold a total of 152,833 shares of company stock worth $88,270,051 over the last 90 days. Company insiders own 1.76% of the company’s stock.

Netflix Stock Up 2.5 %

Netflix stock traded up $14.19 during mid-day trading on Friday, reaching $579.34. 3,307,524 shares of the company were exchanged, compared to its average volume of 4,520,712. The business has a fifty day moving average of $602.57 and a 200 day moving average of $526.33. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $249.67 billion, a P/E ratio of 40.20, a PEG 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 posted its earnings results 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. 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%. Netflix’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.88 earnings per share. Research analysts anticipate that Netflix, Inc. will post 18.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on NFLX. Citigroup lifted their price objective on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. CICC Research started coverage on shares of Netflix in a research note on Thursday. They set an “outperform” rating and a $650.00 price objective for the company. DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 price objective on the stock in a research report on Thursday, January 25th. Bank of America raised their target price on shares of Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a report on Friday, April 19th. Finally, Benchmark reiterated a “sell” rating and set a $440.00 price target on shares of Netflix in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target 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.