Tremblant Capital Group trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 182,686 shares of the Internet television network’s stock after selling 29,803 shares during the period. Netflix accounts for 1.7% of Tremblant Capital Group’s portfolio, making the stock its 20th largest holding. Tremblant Capital Group’s holdings in Netflix were worth $35,068,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Balentine LLC increased its holdings in Netflix by 1,020.4% in the 3rd quarter. Balentine LLC now owns 549 shares of the Internet television network’s stock valued at $100,000 after acquiring an additional 500 shares during the last quarter. James Hambro & Partners bought a new stake in Netflix in the 4th quarter valued at $106,000. Duncker Streett & Co. Inc. increased its holdings in Netflix by 47.1% in the 4th quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock valued at $120,000 after acquiring an additional 200 shares during the last quarter. Crewe Advisors LLC bought a new stake in Netflix in the 4th quarter valued at $149,000. Finally, Goodman Financial Corp bought a new stake in Netflix in the 4th quarter valued at $163,000. Hedge funds and other institutional investors own 81.64% of the company’s stock.
Shares of Netflix, Inc. (NASDAQ NFLX) traded up $5.67 during midday trading on Wednesday, reaching $321.55. 10,480,000 shares of the company were exchanged, compared to its average volume of 11,590,000. Netflix, Inc. has a 12-month low of $138.66 and a 12-month high of $333.98. The stock has a market capitalization of $139,540.00, a P/E ratio of 224.86, a PEG ratio of 4.41 and a beta of 0.95. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.40 and a quick ratio of 1.40.
Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, January 22nd. The Internet television network reported $0.41 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.41. Netflix had a net margin of 4.78% and a return on equity of 17.20%. The firm had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.28 billion. During the same period in the prior year, the firm posted $0.15 earnings per share. The firm’s quarterly revenue was up 32.6% compared to the same quarter last year. equities analysts predict that Netflix, Inc. will post 2.73 earnings per share for the current fiscal year.
NFLX has been the subject of a number of recent research reports. MKM Partners lifted their price objective on shares of Netflix from $245.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Wedbush set a $93.00 price objective on shares of Netflix and gave the stock a “sell” rating in a research note on Friday, January 19th. Goldman Sachs Group set a $315.00 price target on shares of Netflix and gave the stock a “buy” rating in a research note on Friday, January 19th. Bank of America lifted their price target on shares of Netflix from $225.00 to $199.00 and gave the stock a “buy” rating in a research note on Friday, December 1st. Finally, Macquarie raised shares of Netflix from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $200.00 to $220.00 in a research note on Tuesday, January 2nd. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. Netflix currently has an average rating of “Buy” and an average price target of $247.49.
In other Netflix news, Director Richard N. Barton sold 700 shares of the company’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $321.85, for a total transaction of $225,295.00. Following the completion of the transaction, the director now directly owns 7,353 shares in the company, valued at $2,366,563.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director A George Battle sold 10,716 shares of the company’s stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $258.49, for a total transaction of $2,769,978.84. Following the transaction, the director now owns 2,575 shares of the company’s stock, valued at $665,611.75. The disclosure for this sale can be found here. Insiders have sold 473,489 shares of company stock worth $116,251,464 over the last three months. 4.90% of the stock is currently owned by insiders.
Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.
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