New York State Common Retirement Fund Sells 2,530 Shares of Netflix, Inc. (NASDAQ:NFLX)

New York State Common Retirement Fund cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 575,458 shares of the Internet television network’s stock after selling 2,530 shares during the quarter. Netflix accounts for 0.7% of New York State Common Retirement Fund’s investment portfolio, making the stock its 20th biggest position. New York State Common Retirement Fund’s holdings in Netflix were worth $512,917,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB increased its holdings in shares of Netflix by 7.4% during the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after acquiring an additional 4,701 shares during the last quarter. Swedbank AB raised its position in shares of Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares during the period. Trilogy Capital Inc. raised its position in shares of Netflix by 23.2% in the third quarter. Trilogy Capital Inc. now owns 2,627 shares of the Internet television network’s stock valued at $1,863,000 after purchasing an additional 494 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Netflix by 8.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 979 shares of the Internet television network’s stock worth $694,000 after buying an additional 75 shares during the last quarter. Finally, Raleigh Capital Management Inc. boosted its holdings in shares of Netflix by 4.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 735 shares of the Internet television network’s stock worth $522,000 after buying an additional 33 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. The trade was a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the stock in a transaction dated 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 sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 303,220 shares of company stock valued at $289,856,164 over the last ninety days. 1.76% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research firms have weighed in on NFLX. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $715.00 to $900.00 in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their price objective on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Needham & Company LLC lifted their price objective on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Guggenheim increased their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Trading Down 2.1 %

Shares of NASDAQ NFLX opened at $1,035.85 on Wednesday. The stock has a market cap of $443.10 billion, a P/E ratio of 52.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.27. The firm has a 50 day moving average price of $934.75 and a two-hundred day moving average price of $812.56. 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 52-week low of $542.01 and a 52-week high of $1,064.50.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $10.14 billion. During the same period last year, the company earned $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts forecast that Netflix, Inc. will post 24.58 EPS for the current 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.