Rheos Capital Works Inc. Sells 3,000 Shares of Netflix, Inc. (NASDAQ:NFLX)

Rheos Capital Works Inc. decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,200 shares of the Internet television network’s stock after selling 3,000 shares during the period. Netflix comprises about 2.1% of Rheos Capital Works Inc.’s portfolio, making the stock its 8th largest holding. Rheos Capital Works Inc.’s holdings in Netflix were worth $37,614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. RPg Family Wealth Advisory LLC acquired a new stake in Netflix in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. grew its position in Netflix by 700.0% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Netflix in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new stake in shares of Netflix during the third quarter valued at about $38,000. Finally, First Personal Financial Services acquired a new stake in shares of Netflix in the 3rd quarter worth approximately $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 0.4 %

Shares of NASDAQ:NFLX opened at $976.76 on Monday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $999.00. The firm has a fifty day moving average price of $904.67 and a 200 day moving average price of $779.53. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $417.82 billion, a PE ratio of 49.26, a P/E/G ratio of 2.02 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same quarter in the prior year, the company posted $2.11 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. Analysts expect that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on NFLX. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Wedbush restated an “outperform” rating and set a $1,150.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Jefferies Financial Group upped their price target on Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a report on Friday, October 18th. Phillip Securities lowered Netflix from a “hold” rating to a “moderate sell” rating in a research note on Friday, January 24th. Finally, Guggenheim boosted their target price on Netflix from $950.00 to $1,100.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Buying and Selling

In other Netflix news, Chairman Reed Hastings sold 48,363 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the sale, the chairman now owns 114 shares of the company’s stock, valued at $102,212.40. This trade represents a 99.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. In the last three months, insiders sold 105,516 shares of company stock valued at $92,377,637. Company insiders own 1.76% of the company’s stock.

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.