Abbrea Capital LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,030 shares of the Internet television network’s stock after selling 465 shares during the period. Abbrea Capital LLC’s holdings in Netflix were worth $276,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Viridian Ria LLC boosted its stake in shares of Netflix by 12.6% during the third quarter. Viridian Ria LLC now owns 4,097 shares of the Internet television network’s stock valued at $1,532,000 after acquiring an additional 459 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of Netflix by 14.1% during the third quarter. Primecap Management Co. CA now owns 70,450 shares of the Internet television network’s stock valued at $26,357,000 after acquiring an additional 8,700 shares during the last quarter. New England Research & Management Inc. acquired a new stake in shares of Netflix during the fourth quarter valued at $257,000. Shufro Rose & Co. LLC acquired a new stake in shares of Netflix during the third quarter valued at $441,000. Finally, Brown Advisory Inc. boosted its stake in shares of Netflix by 9.5% during the third quarter. Brown Advisory Inc. now owns 4,850 shares of the Internet television network’s stock valued at $1,815,000 after acquiring an additional 421 shares during the last quarter. 79.49% of the stock is currently owned by institutional investors and hedge funds.
Netflix stock opened at $351.77 on Thursday. The stock has a market capitalization of $151.75 billion, a PE ratio of 131.26, a PEG ratio of 2.88 and a beta of 1.38. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 1.98. Netflix, Inc. has a 12 month low of $231.23 and a 12 month high of $423.21.
In other news, CEO Reed Hastings sold 67,907 shares of the stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of $328.17, for a total value of $22,285,040.19. Following the completion of the sale, the chief executive officer now owns 67,907 shares in the company, valued at $22,285,040.19. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 2,569 shares of the stock in a transaction dated Tuesday, January 15th. The shares were sold at an average price of $350.00, for a total value of $899,150.00. Following the completion of the sale, the director now owns 539 shares of the company’s stock, valued at approximately $188,650. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 212,303 shares of company stock worth $59,417,475. Company insiders own 4.29% of the company’s stock.
A number of analysts recently commented on the company. BidaskClub lowered Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Argus reaffirmed a “hold” rating on shares of Netflix in a research note on Tuesday, January 22nd. Macquarie set a $375.00 target price on Netflix and gave the stock a “buy” rating in a research report on Friday, January 18th. Goldman Sachs Group reiterated a “buy” rating and set a $450.00 target price on shares of Netflix in a research report on Monday, January 21st. Finally, Aegis reiterated a “hold” rating and set a $320.00 target price (down from $325.00) on shares of Netflix in a research report on Friday, January 18th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirty have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $376.33.
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Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three reportable segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films. 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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