Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,830 shares of the Internet television network’s stock after selling 413 shares during the period. Harbor Capital Advisors Inc.’s holdings in Netflix were worth $5,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in NFLX. AGF Management Ltd. increased its stake in shares of Netflix by 3.4% during the second quarter. AGF Management Ltd. now owns 3,872 shares of the Internet television network’s stock worth $2,613,000 after purchasing an additional 129 shares in the last quarter. Eagle Strategies LLC purchased a new stake in Netflix during the 2nd quarter worth approximately $253,000. Vest Financial LLC raised its holdings in shares of Netflix by 11.5% during the second quarter. Vest Financial LLC now owns 706 shares of the Internet television network’s stock valued at $476,000 after acquiring an additional 73 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Netflix by 9.9% in the second quarter. Oppenheimer & Co. Inc. now owns 27,891 shares of the Internet television network’s stock valued at $18,823,000 after acquiring an additional 2,517 shares in the last quarter. Finally, Stonebridge Financial Planning Group LLC boosted its stake in shares of Netflix by 5.0% in the second quarter. Stonebridge Financial Planning Group LLC now owns 630 shares of the Internet television network’s stock worth $425,000 after acquiring an additional 30 shares during the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on NFLX. Rosenblatt Securities raised their price objective on Netflix from $635.00 to $680.00 and gave the company a “neutral” rating in a report on Friday, October 18th. The Goldman Sachs Group boosted their price target on shares of Netflix from $750.00 to $850.00 and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. cut their price objective on shares of Netflix from $1,010.00 to $1,000.00 and set an “overweight” rating for the company in a report on Friday. Macquarie reissued an “outperform” rating and issued a $795.00 target price on shares of Netflix in a research note on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $590.00 to $650.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $824.00.

Insider Activity

In other news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total transaction of $518,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 4,186 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $750.00, for a total value of $3,139,500.00. Following the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. This trade represents a 24.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is currently owned by company insiders.

Netflix Stock Performance

Shares of NFLX stock opened at $837.69 on Friday. The firm has a 50 day moving average of $878.06 and a two-hundred day moving average of $752.69. The stock has a market capitalization of $358.08 billion, a PE ratio of 47.41, a P/E/G 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, Inc. has a 52 week low of $475.26 and a 52 week high of $941.75.

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