Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 2,535 Shares of Netflix, Inc. (NASDAQ:NFLX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,890 shares of the Internet television network’s stock after selling 2,535 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Netflix were worth $81,012,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Lingohr Asset Management GmbH purchased a new position in Netflix during the fourth quarter valued at approximately $908,000. iA Global Asset Management Inc. boosted its position in Netflix by 35.6% during the 4th quarter. iA Global Asset Management Inc. now owns 68,810 shares of the Internet television network’s stock valued at $61,332,000 after acquiring an additional 18,053 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Netflix by 39.7% in the 4th quarter. Teacher Retirement System of Texas now owns 209,422 shares of the Internet television network’s stock valued at $186,662,000 after acquiring an additional 59,559 shares during the period. Royal London Asset Management Ltd. raised its position in shares of Netflix by 0.8% in the 4th quarter. Royal London Asset Management Ltd. now owns 279,862 shares of the Internet television network’s stock worth $249,447,000 after acquiring an additional 2,267 shares in the last quarter. Finally, Next Capital Management LLC lifted its stake in shares of Netflix by 18.8% during the 4th quarter. Next Capital Management LLC now owns 1,473 shares of the Internet television network’s stock worth $1,313,000 after purchasing an additional 233 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NFLX. Needham & Company LLC upped their target price on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and set a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Oppenheimer lifted their target price on shares of Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Moffett Nathanson upgraded shares of Netflix from a “neutral” rating to a “buy” rating and upped their price target for the company from $850.00 to $1,100.00 in a research note on Monday. Finally, Bank of America lifted their price objective on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated 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 of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Gregory K. Peters sold 4,939 shares of the 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 transaction, the chief executive officer now owns 12,950 shares in the company, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock valued at $279,142,041 in the last three months. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 3.2 %

NASDAQ NFLX opened at $959.49 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $410.43 billion, a price-to-earnings ratio of 48.39, a PEG ratio of 2.12 and a beta of 1.38. The firm has a 50 day simple moving average of $955.11 and a 200-day simple moving average of $854.07. Netflix, Inc. has a one year low of $542.01 and a one year high of $1,064.50.

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

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.