YorkBridge Wealth Partners LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,635 shares of the Internet television network’s stock after selling 85 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Netflix were worth $705,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in Netflix by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 3,910,792 shares of the Internet television network’s stock valued at $1,463,144,000 after buying an additional 111,054 shares during the last quarter. Atlas Capital Advisors LLC purchased a new stake in Netflix in the 3rd quarter worth approximately $113,000. FIL Ltd lifted its position in shares of Netflix by 26.0% during the 3rd quarter. FIL Ltd now owns 50,835 shares of the Internet television network’s stock valued at $19,019,000 after buying an additional 10,480 shares in the last quarter. Rafferty Asset Management LLC lifted its position in shares of Netflix by 15.6% during the 3rd quarter. Rafferty Asset Management LLC now owns 5,504 shares of the Internet television network’s stock valued at $2,059,000 after buying an additional 742 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its position in shares of Netflix by 3,652.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 276,718 shares of the Internet television network’s stock valued at $103,529,000 after buying an additional 269,344 shares in the last quarter. Institutional investors and hedge funds own 76.10% of the company’s stock.
Shares of Netflix stock traded down $2.27 during trading on Monday, reaching $348.87. The company’s stock had a trading volume of 8,666,697 shares, compared to its average volume of 9,325,109. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market cap of $160.52 billion, a PE ratio of 130.18, a price-to-earnings-growth ratio of 3.08 and a beta of 1.36. Netflix, Inc. has a 12-month low of $231.23 and a 12-month high of $423.21.
In other Netflix news, CEO Reed Hastings sold 52,458 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $367.25, for a total transaction of $19,265,200.50. Following the sale, the chief executive officer now directly owns 52,458 shares in the company, valued at $19,265,200.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 1,649 shares of the business’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $370.00, for a total value of $610,130.00. Following the sale, the director now owns 609 shares in the company, valued at $225,330. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 186,950 shares of company stock worth $65,620,477. 4.29% of the stock is owned by company insiders.
NFLX has been the subject of several recent research reports. UBS Group raised Netflix from a “neutral” rating to a “buy” rating in a research note on Thursday, January 10th. SunTrust Banks reissued a “buy” rating and issued a $355.00 price objective (down from $410.00) on shares of Netflix in a research note on Wednesday, January 2nd. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $421.00 target price on shares of Netflix in a research note on Tuesday, December 18th. ValuEngine raised Netflix from a “hold” rating to a “buy” rating in a research note on Monday, January 7th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a $400.00 target price on shares of Netflix in a research note on Tuesday, January 15th. Seven investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the company. Netflix presently has a consensus rating of “Hold” and an average target price of $375.71.
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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