Fernwood Investment Management LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 4.0% during the first quarter, Holdings Channel reports. The institutional investor owned 1,394 shares of the Internet television network’s stock after selling 58 shares during the period. Fernwood Investment Management LLC’s holdings in Netflix were worth $497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc boosted its position in shares of Netflix by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 30,143,430 shares of the Internet television network’s stock valued at $11,277,562,000 after purchasing an additional 249,147 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Netflix by 17,848.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 23,931,481 shares of the Internet television network’s stock worth $89,000 after acquiring an additional 23,798,143 shares in the last quarter. Jennison Associates LLC boosted its holdings in Netflix by 9.0% in the fourth quarter. Jennison Associates LLC now owns 9,598,888 shares of the Internet television network’s stock worth $2,569,238,000 after acquiring an additional 792,338 shares in the last quarter. Baillie Gifford & Co. boosted its holdings in Netflix by 1.8% in the fourth quarter. Baillie Gifford & Co. now owns 7,629,879 shares of the Internet television network’s stock worth $2,042,214,000 after acquiring an additional 136,096 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Netflix by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 5,342,932 shares of the Internet television network’s stock worth $1,427,434,000 after acquiring an additional 148,252 shares in the last quarter. Hedge funds and other institutional investors own 76.08% of the company’s stock.

Shares of NFLX opened at $345.61 on Thursday. The company has a debt-to-equity ratio of 1.81, a current ratio of 0.61 and a quick ratio of 0.61. The company has a market cap of $150.95 billion, a P/E ratio of 128.96, a price-to-earnings-growth ratio of 3.44 and a beta of 1.33. Netflix, Inc. has a 12 month low of $231.23 and a 12 month high of $423.21.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, April 16th. The Internet television network reported $0.76 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.19. The company had revenue of $4.52 billion during the quarter, compared to the consensus estimate of $4.50 billion. Netflix had a return on equity of 24.75% and a net margin of 7.61%. Netflix’s revenue was up 22.2% on a year-over-year basis. During the same period last year, the business posted $0.64 earnings per share. On average, equities research analysts predict that Netflix, Inc. will post 3.35 EPS for the current year.

Several research analysts have issued reports on the company. Pivotal Research reiterated a “buy” rating and issued a $500.00 price target on shares of Netflix in a report on Tuesday, April 16th. BMO Capital Markets increased their price target on Netflix from $440.00 to $470.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Nomura reiterated a “neutral” rating and issued a $320.00 price target (up previously from $300.00) on shares of Netflix in a report on Friday, January 18th. Argus reiterated a “hold” rating on shares of Netflix in a report on Tuesday, January 22nd. Finally, Wedbush increased their price target on Netflix from $150.00 to $165.00 and gave the stock an “underperform” rating in a report on Friday, January 18th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $385.03.

In related news, Director Anne M. Sweeney sold 1,649 shares of the stock in a transaction that occurred on Monday, February 25th. The stock was sold at an average price of $370.00, for a total transaction of $610,130.00. Following the completion of the sale, the director now directly owns 609 shares of the company’s stock, valued at $225,330. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Reed Hastings sold 56,966 shares of the stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $370.74, for a total value of $21,119,574.84. Following the sale, the chief executive officer now directly owns 56,966 shares of the company’s stock, valued at $21,119,574.84. The disclosure for this sale can be found here. Insiders have sold 165,491 shares of company stock valued at $60,694,221 over the last ninety days. 4.29% of the stock is currently owned by company insiders.

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About Netflix

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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