Netflix, Inc. (NFLX) Holdings Cut by Glynn Capital Management LLC

Glynn Capital Management LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 112,174 shares of the Internet television network’s stock after selling 11,659 shares during the period. Netflix comprises 4.6% of Glynn Capital Management LLC’s investment portfolio, making the stock its 9th largest holding. Glynn Capital Management LLC’s holdings in Netflix were worth $21,533,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Netflix by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 27,950,272 shares of the Internet television network’s stock valued at $4,176,049,000 after acquiring an additional 789,190 shares in the last quarter. FMR LLC grew its stake in Netflix by 12.4% during the 2nd quarter. FMR LLC now owns 23,633,237 shares of the Internet television network’s stock valued at $3,531,042,000 after acquiring an additional 2,605,731 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Netflix by 5.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,638,317 shares of the Internet television network’s stock valued at $659,809,000 after acquiring an additional 172,229 shares in the last quarter. Tybourne Capital Management HK Ltd. grew its stake in Netflix by 3.6% during the 2nd quarter. Tybourne Capital Management HK Ltd. now owns 2,400,536 shares of the Internet television network’s stock valued at $358,664,000 after acquiring an additional 84,341 shares in the last quarter. Finally, Janus Henderson Group PLC grew its stake in Netflix by 3,478.1% during the 2nd quarter. Janus Henderson Group PLC now owns 2,041,458 shares of the Internet television network’s stock valued at $305,014,000 after acquiring an additional 1,984,404 shares in the last quarter. Hedge funds and other institutional investors own 83.27% of the company’s stock.

In other news, CEO Reed Hastings sold 83,335 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $192.79, for a total transaction of $16,066,154.65. Following the completion of the transaction, the chief executive officer now directly owns 83,335 shares in the company, valued at $16,066,154.65. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jonathan Friedland sold 995 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $219.92, for a total value of $218,820.40. Following the transaction, the insider now owns 1,016 shares of the company’s stock, valued at $223,438.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 336,617 shares of company stock valued at $65,364,544. Corporate insiders own 4.90% of the company’s stock.

Several equities analysts have weighed in on the company. B. Riley reaffirmed a “neutral” rating on shares of Netflix in a research note on Wednesday, November 1st. Vetr cut Netflix from a “buy” rating to a “hold” rating and set a $229.01 target price on the stock. in a research note on Monday. SunTrust Banks set a $175.00 target price on Netflix and gave the company a “hold” rating in a research note on Monday, October 16th. UBS Group set a $250.00 target price on Netflix and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $203.00 target price on shares of Netflix in a research note on Sunday, October 1st. One research analyst has rated the stock with a sell rating, sixteen have given a hold rating and thirty-six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $212.11.

Shares of Netflix, Inc. (NASDAQ NFLX) opened at $221.23 on Tuesday. Netflix, Inc. has a 1-year low of $130.58 and a 1-year high of $222.55. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.47. The firm has a market capitalization of $95,733.10, a P/E ratio of 223.46, a P/E/G ratio of 3.59 and a beta of 1.34.

Netflix (NASDAQ:NFLX) last posted its earnings results on Monday, October 16th. The Internet television network reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.03). Netflix had a return on equity of 14.56% and a net margin of 4.04%. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $2.97 billion. During the same quarter last year, the firm posted $0.12 earnings per share. The firm’s revenue for the quarter was up 30.3% compared to the same quarter last year. analysts predict that Netflix, Inc. will post 1.25 earnings per share for the current year.

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Netflix Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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