Meitav Investment House Ltd. Sells 7,990 Shares of Netflix, Inc. (NASDAQ:NFLX)

Meitav Investment House Ltd. trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 37.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 13,155 shares of the Internet television network’s stock after selling 7,990 shares during the quarter. Meitav Investment House Ltd.’s holdings in Netflix were worth $11,725,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB increased its holdings in Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after purchasing an additional 4,701 shares in the last quarter. Swedbank AB grew its holdings in shares of Netflix by 1.8% during the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after buying an additional 8,024 shares in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Netflix by 8.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 979 shares of the Internet television network’s stock valued at $694,000 after buying an additional 75 shares during the last quarter. Ledyard National Bank acquired a new position in Netflix during the 3rd quarter worth approximately $213,000. Finally, Oakworth Capital Inc. grew its stake in shares of Netflix by 13.2% during the 3rd quarter. Oakworth Capital Inc. now owns 137 shares of the Internet television network’s stock worth $97,000 after acquiring an additional 16 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares in the company, valued at $216,327.48. This represents a 96.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 303,220 shares of company stock valued at $289,856,164 in the last ninety days. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Up 0.7 %

Shares of NASDAQ:NFLX opened at $1,043.33 on Thursday. The business’s 50 day simple moving average is $936.88 and its 200 day simple moving average is $814.17. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $446.29 billion, a P/E ratio of 52.61, a P/E/G ratio of 2.19 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.11 EPS. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on NFLX shares. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and increased their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Pivotal Research upped their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. BMO Capital Markets restated an “outperform” rating and issued a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Morgan Stanley increased their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix Company Profile

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.