New York State Teachers Retirement System Sells 18,552 Shares of Netflix, Inc. (NASDAQ:NFLX)

New York State Teachers Retirement System lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.7% in the fourth quarter, Holdings Channel reports. The firm owned 379,312 shares of the Internet television network’s stock after selling 18,552 shares during the period. Netflix comprises about 0.7% of New York State Teachers Retirement System’s holdings, making the stock its 19th biggest position. New York State Teachers Retirement System’s holdings in Netflix were worth $338,088,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the stock. Kanawha Capital Management LLC bought a new stake in shares of Netflix in the fourth quarter valued at approximately $240,000. Campbell Wealth Management bought a new stake in shares of Netflix in the fourth quarter valued at approximately $450,000. Asset Planning Inc bought a new stake in shares of Netflix in the fourth quarter valued at approximately $1,923,000. White Pine Capital LLC boosted its position in shares of Netflix by 3.5% in the fourth quarter. White Pine Capital LLC now owns 560 shares of the Internet television network’s stock valued at $499,000 after acquiring an additional 19 shares during the period. Finally, W.H. Cornerstone Investments Inc. acquired a new position in shares of Netflix in the fourth quarter valued at $207,000. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Up 1.6 %

NFLX opened at $1,043.69 on Friday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,045.99. The stock’s fifty day simple moving average is $924.40 and its 200 day simple moving average is $799.32. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $446.45 billion, a PE ratio of 52.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.27.

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

Analysts Set New Price Targets

A number of brokerages recently commented on NFLX. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and upped their target price for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Guggenheim increased their price objective on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Arete Research upgraded Netflix to a “hold” rating in a research note on Thursday, January 23rd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, Citigroup raised their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Ten 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 company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Buying and Selling at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $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 303,809 shares of company stock valued at $290,374,484 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.

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.