Barton Investment Management Sells 12,302 Shares of Netflix, Inc. (NFLX)

Barton Investment Management reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 634,309 shares of the Internet television network’s stock after selling 12,302 shares during the quarter. Netflix comprises approximately 26.7% of Barton Investment Management’s holdings, making the stock its largest position. Barton Investment Management owned about 0.15% of Netflix worth $121,762,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NFLX. Tower Research Capital LLC TRC purchased a new position in shares of Netflix in the second quarter valued at $1,045,000. Lincoln National Corp grew its holdings in shares of Netflix by 7.0% in the third quarter. Lincoln National Corp now owns 4,094 shares of the Internet television network’s stock valued at $742,000 after purchasing an additional 268 shares in the last quarter. BB&T Corp grew its holdings in shares of Netflix by 20.0% in the third quarter. BB&T Corp now owns 3,857 shares of the Internet television network’s stock valued at $700,000 after purchasing an additional 642 shares in the last quarter. Mizuho Securities USA LLC purchased a new position in shares of Netflix in the third quarter valued at $9,793,000. Finally, AGF Investments Inc. purchased a new position in shares of Netflix in the third quarter valued at $60,036,000. 83.27% of the stock is owned by institutional investors and hedge funds.

A number of research analysts recently weighed in on the stock. Loop Capital raised their target price on shares of Netflix to $252.00 and gave the company a “buy” rating in a report on Thursday. Buckingham Research raised their price target on Netflix from $235.00 to $251.00 and gave the stock an “in-line” rating in a research report on Thursday. Morgan Stanley restated an “overweight” rating and issued a $255.00 price target (up from $235.00) on shares of Netflix in a research report on Thursday. Vetr upgraded Netflix from a “hold” rating to a “buy” rating and set a $230.38 price target for the company in a research report on Tuesday. Finally, UBS Group set a $250.00 price target on Netflix and gave the stock a “buy” rating in a research report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and thirty-five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $213.07.

Shares of Netflix, Inc. (NASDAQ NFLX) traded up $2.83 during trading on Thursday, hitting $220.33. The stock had a trading volume of 8,210,000 shares, compared to its average volume of 6,590,000. The stock has a market capitalization of $95,340.00, a price-to-earnings ratio of 222.56, a P/E/G ratio of 3.59 and a beta of 1.34. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.20 and a current ratio of 1.20. Netflix, Inc. has a 1 year low of $131.06 and a 1 year high of $226.07.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Monday, October 16th. The Internet television network reported $0.29 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.03). The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.97 billion. Netflix had a net margin of 4.04% and a return on equity of 14.56%. The business’s quarterly revenue was up 30.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.12 EPS. research analysts forecast that Netflix, Inc. will post 1.25 earnings per share for the current year.

In other news, General Counsel David A. Hyman sold 63,378 shares of the firm’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $198.90, for a total transaction of $12,605,884.20. Following the transaction, the general counsel now owns 43,071 shares in the company, valued at $8,566,821.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Reed Hastings sold 83,335 shares of the firm’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $192.79, for a total value of $16,066,154.65. Following the transaction, the chief executive officer now owns 83,335 shares in the company, valued at approximately $16,066,154.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 341,551 shares of company stock worth $66,457,350. Insiders own 4.90% of the company’s stock.

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Netflix Company Profile

Netflix, Inc is a provider an Internet television network. The Company operates through three segments: Domestic streaming, International streaming and Domestic DVD. The Domestic streaming segment includes services that streams content to its members in the United States. The International streaming segment includes services that streams content to its members outside the United States.

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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