Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Sentry Investment Management LLC

Sentry Investment Management LLC lessened its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,791 shares of the Internet television network’s stock after selling 291 shares during the quarter. Netflix makes up about 0.8% of Sentry Investment Management LLC’s holdings, making the stock its 18th largest position. Sentry Investment Management LLC’s holdings in Netflix were worth $1,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in NFLX. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter valued at $25,000. Pathway Financial Advisers LLC boosted its stake 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 valued at $27,000 after acquiring an additional 14 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. Newton One Investments LLC acquired a new position in Netflix in the 4th quarter valued at about $34,000. Finally, MidAtlantic Capital Management Inc. purchased a new position in Netflix in the 3rd quarter valued at about $37,000. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Performance

Netflix stock opened at $988.47 on Tuesday. 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 50 day moving average of $941.89 and a 200-day moving average of $823.89. The stock has a market cap of $422.82 billion, a P/E ratio of 49.85, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50.

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

Insider Activity at Netflix

In other news, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at approximately $12,700,583. This trade represents a 88.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Jeffrey William Karbowski sold 160 shares of the business’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 303,220 shares of company stock valued at $289,856,164 over the last three months. 1.76% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on NFLX. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. KeyCorp lifted their target price on shares of Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 22nd. Argus increased their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Finally, Loop Capital increased their target price on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

About Netflix

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.