Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Decreased by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 0.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 259,402 shares of the Internet television network’s stock after selling 598 shares during the quarter. Netflix accounts for about 2.8% of Douglass Winthrop Advisors LLC’s portfolio, making the stock its 9th largest position. Douglass Winthrop Advisors LLC owned 0.06% of Netflix worth $126,298,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Authentikos Wealth Advisory LLC acquired a new position in shares of Netflix during the third quarter worth $25,000. Spartan Planning & Wealth Management acquired a new position in shares of Netflix during the third quarter worth $26,000. Blue Bell Private Wealth Management LLC grew its stake in shares of Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares in the last quarter. Pacifica Partners Inc. acquired a new position in shares of Netflix during the fourth quarter worth $41,000. Finally, Bear Mountain Capital Inc. acquired a new position in shares of Netflix during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $700.00 price objective on shares of Netflix in a research note on Friday, May 17th. Pivotal Research upped their price objective on shares of Netflix from $765.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, April 19th. Wedbush restated an “outperform” rating and issued a $725.00 price objective on shares of Netflix in a research note on Monday, May 20th. BMO Capital Markets restated an “outperform” rating and issued a $713.00 price objective (up previously from $638.00) on shares of Netflix in a research note on Wednesday, April 17th. Finally, Seaport Res Ptn downgraded shares of Netflix from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $630.53.

Read Our Latest Analysis on NFLX

Insider Buying and Selling

In related news, CEO Gregory K. Peters sold 5,821 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $3,492,600.00. Following the sale, the chief executive officer now owns 13,090 shares in the company, valued at $7,854,000. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Netflix news, CFO Spencer Adam Neumann sold 564 shares of Netflix stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $613.08, for a total value of $345,777.12. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gregory K. Peters sold 5,821 shares of Netflix stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $600.00, for a total transaction of $3,492,600.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $7,854,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 78,039 shares of company stock worth $46,401,083. 1.76% of the stock is owned by insiders.

Netflix Price Performance

Shares of NFLX stock traded up $11.08 during trading hours on Monday, hitting $646.75. The company’s stock had a trading volume of 2,615,200 shares, compared to its average volume of 4,237,346. The business has a fifty day moving average of $608.17 and a 200-day moving average of $552.01. The stock has a market cap of $278.75 billion, a price-to-earnings ratio of 44.88, a P/E/G ratio of 1.40 and a beta of 1.23. Netflix, Inc. has a twelve month low of $344.73 and a twelve month high of $652.00. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLXGet Free Report) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The firm had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. During the same quarter last year, the business earned $2.88 earnings per share. Netflix’s revenue was up 14.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Netflix, Inc. will post 18.31 EPS for the current year.

Netflix Profile

(Free Report)

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.

Recommended Stories

Institutional Ownership by Quarter for Netflix (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.