Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Curi RMB Capital LLC

Curi RMB Capital LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 8.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 953 shares of the Internet television network’s stock after selling 92 shares during the quarter. Curi RMB Capital LLC’s holdings in Netflix were worth $849,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its stake in Netflix by 13.3% during the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after purchasing an additional 198,148 shares in the last quarter. M&T Bank Corp raised its position in shares of Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after purchasing an additional 1,684 shares in the last quarter. McIlrath & Eck LLC boosted its stake in shares of Netflix by 13.8% during the 3rd quarter. McIlrath & Eck LLC now owns 247 shares of the Internet television network’s stock valued at $175,000 after buying an additional 30 shares during the last quarter. Advisory Resource Group grew its position in shares of Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after buying an additional 12 shares in the last quarter. Finally, Virtu Financial LLC increased its stake in shares of Netflix by 356.5% in the third quarter. Virtu Financial LLC now owns 13,879 shares of the Internet television network’s stock worth $9,844,000 after buying an additional 10,839 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total transaction of $5,087,170.00. Following the transaction, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at $13,338,500. This represents a 27.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,312 shares of company stock worth $267,919,297. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX opened at $973.03 on Monday. The business has a 50 day moving average price of $954.87 and a two-hundred day moving average price of $894.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The company has a market capitalization of $416.22 billion, a price-to-earnings ratio of 49.07, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same period in the prior year, the firm earned $8.28 earnings per share. Research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. Canaccord Genuity Group upgraded shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Evercore ISI increased their price target on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 22nd. UBS Group lowered their price objective on Netflix from $1,150.00 to $1,140.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Needham & Company LLC reaffirmed a “buy” rating and set a $1,126.00 target price on shares of Netflix in a report on Thursday. Finally, The Goldman Sachs Group upped their price target on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Nine research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,036.38.

Netflix Company 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.