Dorsey Wright & Associates Sells 50 Shares of Netflix, Inc. (NASDAQ:NFLX)

Dorsey Wright & Associates decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,102 shares of the Internet television network’s stock after selling 50 shares during the period. Dorsey Wright & Associates’ holdings in Netflix were worth $2,765,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of NFLX. Vanguard Group Inc. lifted its position in Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. State Street Corp raised its stake in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Netflix by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after buying an additional 123,029 shares during the period. Norges Bank purchased a new position in shares of Netflix in the 4th quarter worth $5,019,087,000. Finally, Wellington Management Group LLP grew its holdings in shares of Netflix by 0.5% in the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock worth $3,473,571,000 after acquiring an additional 23,702 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 102,228 shares of the company’s stock in a transaction on Thursday, January 30th. The stock was 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 of the company’s stock, valued at $12,700,583. This represents a 88.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 288,583 shares of company stock worth $279,611,567. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on NFLX shares. JPMorgan Chase & Co. boosted their target price on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday, January 22nd. UBS Group restated a “buy” rating on shares of Netflix in a research note on Monday, March 10th. Citigroup lifted their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. The Goldman Sachs Group upped their price target on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 22nd. Finally, Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a research report on Friday, January 24th. Ten research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,021.02.

Netflix Price Performance

Shares of NFLX opened at $933.85 on Friday. The company has a 50 day moving average of $971.74 and a two-hundred day moving average of $868.10. The company has a market cap of $399.46 billion, a price-to-earnings ratio of 47.09, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping 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 firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the firm earned $2.11 EPS. The business’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, analysts predict that Netflix, Inc. will post 24.58 earnings per share 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.