By otakuyassine3@gmail.com 
AMI Asset Management Corp trimmed its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 2.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 84,234 shares of the Internet television network’s stock after selling 2,142 shares during the quarter. Netflix comprises about 4.0% of AMI Asset Management Corp’s holdings, making the stock its 6th biggest position. AMI Asset Management Corp’s holdings in Netflix were worth $75,080,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial for Lutherans grew its position in Netflix by 26.6% in the 2nd quarter. Thrivent Financial for Lutherans now owns 65,928 shares of the Internet television network’s stock valued at $44,493,000 after purchasing an additional 13,848 shares during the period. Epoch Investment Partners Inc. lifted its stake in shares of Netflix by 27.1% in the second quarter. Epoch Investment Partners Inc. now owns 544 shares of the Internet television network’s stock valued at $367,000 after buying an additional 116 shares in the last quarter. Edge Capital Group LLC grew its holdings in shares of Netflix by 4.8% during the second quarter. Edge Capital Group LLC now owns 1,737 shares of the Internet television network’s stock valued at $1,172,000 after buying an additional 79 shares during the last quarter. Certified Advisory Corp increased its position in shares of Netflix by 7.4% during the second quarter. Certified Advisory Corp now owns 1,156 shares of the Internet television network’s stock worth $780,000 after acquiring an additional 80 shares in the last quarter. Finally, HighVista Strategies LLC acquired a new stake in shares of Netflix in the 2nd quarter worth about $1,215,000. 80.93% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
NFLX has been the subject of several recent analyst reports. TD Cowen upped their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Wedbush reiterated an “outperform” rating and issued a $950.00 price objective (up previously from $800.00) on shares of Netflix in a research note on Monday, November 18th. Morgan Stanley boosted their target price on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft increased 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. Finally, Bank of America boosted their price objective on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and an average price target of $845.06.
Get Our Latest Stock Analysis on Netflix
Insider Activity at Netflix
In other Netflix news, Director Anne M. Sweeney sold 589 shares of Netflix stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 5,698 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now owns 246 shares in the company, valued at approximately $185,976. The trade was a 95.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock worth $127,616,898 over the last 90 days. 1.76% of the stock is owned by company insiders.
Netflix Stock Up 1.9 %
Shares of NASDAQ:NFLX opened at $858.10 on Tuesday. Netflix, Inc. has a 1 year low of $476.06 and a 1 year high of $941.75. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The stock’s 50-day moving average is $885.64 and its 200 day moving average is $760.81. The company has a market cap of $366.80 billion, a PE ratio of 48.56, a P/E/G ratio of 1.40 and a beta of 1.27.
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.
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