KBC Group NV trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 47.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 98,456 shares of the Internet television network’s stock after selling 89,477 shares during the quarter. KBC Group NV’s holdings in Netflix were worth $29,079,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of NFLX. James Hambro & Partners purchased a new stake in shares of Netflix during the fourth quarter valued at approximately $106,000. Duncker Streett & Co. Inc. increased its position in Netflix by 47.1% in the fourth quarter. Duncker Streett & Co. Inc. now owns 625 shares of the Internet television network’s stock worth $120,000 after buying an additional 200 shares during the last quarter. Wagner Wealth Management LLC purchased a new stake in Netflix in the fourth quarter worth $125,000. Crewe Advisors LLC purchased a new stake in Netflix in the fourth quarter worth $149,000. Finally, TCI Wealth Advisors Inc. increased its position in Netflix by 710.8% in the first quarter. TCI Wealth Advisors Inc. now owns 527 shares of the Internet television network’s stock worth $156,000 after buying an additional 462 shares during the last quarter. 77.20% of the stock is owned by institutional investors.
A number of research firms have issued reports on NFLX. Zacks Investment Research downgraded Netflix from a “buy” rating to a “hold” rating in a research report on Thursday, April 19th. Vetr downgraded Netflix from a “hold” rating to a “sell” rating and set a $303.70 target price for the company. in a research report on Wednesday, April 18th. Bank of America raised their target price on Netflix from $300.00 to $347.00 and gave the stock a “buy” rating in a research report on Tuesday, April 17th. BMO Capital Markets raised their target price on Netflix from $310.00 to $324.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 17th. Finally, Morgan Stanley raised their target price on Netflix from $350.00 to $370.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 17th. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Netflix presently has a consensus rating of “Buy” and a consensus target price of $296.12.
Shares of NFLX stock opened at $331.82 on Tuesday. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.30 and a quick ratio of 1.30. Netflix, Inc. has a 12-month low of $144.25 and a 12-month high of $338.82. The stock has a market cap of $140.92 billion, a price-to-earnings ratio of 265.46, a PEG ratio of 4.20 and a beta of 0.97.
Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Monday, April 16th. The Internet television network reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.69 billion. Netflix had a return on equity of 19.11% and a net margin of 5.26%. The company’s quarterly revenue was up 40.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.40 earnings per share. equities research analysts anticipate that Netflix, Inc. will post 2.9 earnings per share for the current fiscal year.
In other news, Director Richard N. Barton sold 700 shares of Netflix stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $279.75, for a total value of $195,825.00. Following the transaction, the director now owns 7,393 shares in the company, valued at $2,068,191.75. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Gregory K. Peters sold 8,274 shares of Netflix stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $300.00, for a total value of $2,482,200.00. Following the completion of the transaction, the insider now owns 21,364 shares in the company, valued at approximately $6,409,200. The disclosure for this sale can be found here. In the last quarter, insiders sold 185,341 shares of company stock worth $59,192,641. Company insiders own 4.29% of the company’s stock.
Netflix, Inc, an Internet television network, engages in the Internet delivery of television (TV) shows and movies on various Internet-connected screens. It operates in three segments: Domestic Streaming, International Streaming, and Domestic DVD. The company offers TV shows and movies, including original series, documentaries, and feature films.
Want to see what other hedge funds are holding NFLX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Netflix, Inc. (NASDAQ:NFLX).
Receive News & Ratings for Netflix Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netflix and related companies with MarketBeat.com's FREE daily email newsletter.