Sei Investments Co. Sells 47,076 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sei Investments Co. lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 6.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 641,136 shares of the Internet television network’s stock after selling 47,076 shares during the period. Netflix accounts for approximately 0.7% of Sei Investments Co.’s investment portfolio, making the stock its 19th largest holding. Sei Investments Co.’s holdings in Netflix were worth $571,455,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new stake in shares of Netflix during the third quarter worth about $25,000. Pathway Financial Advisers LLC lifted its holdings in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after purchasing an additional 14 shares during the period. Newton One Investments LLC acquired a new stake in shares of Netflix during the fourth quarter worth about $34,000. Pineridge Advisors LLC lifted its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the period. Finally, FSA Wealth Management LLC acquired a new position in Netflix in the third quarter valued at approximately $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on NFLX shares. Evercore ISI boosted their price target on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Needham & Company LLC boosted their price target on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Oppenheimer boosted their price target on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $715.00 to $900.00 in a report on Wednesday, January 22nd. Finally, Bank of America boosted their price target on Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,016.78.

Netflix Stock Up 1.0 %

Shares of NFLX opened at $960.29 on Friday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The stock has a market capitalization of $410.77 billion, a price-to-earnings ratio of 48.43, a PEG ratio of 2.12 and a beta of 1.38. The stock has a 50 day moving average price of $959.08 and a 200 day moving average price of $856.54.

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

Insiders Place Their Bets

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the business’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 transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. The trade was a 96.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 288,103 shares of company stock valued at $279,142,041. Insiders own 1.76% of the company’s stock.

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.