Talbot Financial LLC Sells 544 Shares of Netflix, Inc. (NASDAQ:NFLX)

Talbot Financial LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,720 shares of the Internet television network’s stock after selling 544 shares during the quarter. Netflix comprises approximately 1.7% of Talbot Financial LLC’s portfolio, making the stock its 22nd biggest position. Talbot Financial LLC’s holdings in Netflix were worth $14,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of NFLX. International Assets Investment Management LLC increased its holdings in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after buying an additional 5,748,200 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares in the last quarter. State Street Corp lifted its position in shares of 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 in the last quarter. Jennison Associates LLC lifted its position in shares of Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after buying an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Netflix during the 3rd quarter valued at about $222,871,000. 80.93% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Theodore A. Sarandos sold 1,278 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the sale, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. The trade was a 33.33 % 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 Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total transaction of $8,405,776.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,742 shares of company stock valued at $131,030,268. Company insiders own 1.76% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Needham & Company LLC lifted their price objective on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Canaccord Genuity Group lifted their price objective on Netflix from $760.00 to $940.00 and gave the company a “hold” rating in a research report on Monday, December 2nd. TD Cowen lifted their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a research report on Friday, October 18th. KeyCorp boosted their price target on Netflix from $760.00 to $785.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, StockNews.com raised Netflix from a “hold” rating to a “buy” rating in a report on Saturday, December 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $827.79.

Netflix Price Performance

Shares of NASDAQ NFLX traded up $0.33 during trading on Monday, hitting $838.02. The company had a trading volume of 1,597,431 shares, compared to its average volume of 2,868,559. The stock has a fifty day simple moving average of $878.06 and a two-hundred day simple moving average of $753.78. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The firm has a market capitalization of $358.22 billion, a price-to-earnings ratio of 47.43, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The business had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, research analysts expect that Netflix, Inc. will post 19.78 earnings per share for the current year.

Netflix Profile

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.