Liberty Mutual Group Asset Management Inc. Reduces Position in Netflix, Inc. (NFLX)

Liberty Mutual Group Asset Management Inc. decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 24.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,644 shares of the Internet television network’s stock after selling 7,787 shares during the period. Liberty Mutual Group Asset Management Inc.’s holdings in Netflix were worth $3,495,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Clean Yield Group bought a new position in Netflix during the first quarter worth approximately $103,000. SRS Capital Advisors Inc. increased its stake in shares of Netflix by 3,361.9% in the first quarter. SRS Capital Advisors Inc. now owns 727 shares of the Internet television network’s stock worth $107,000 after buying an additional 706 shares during the last quarter. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Netflix during the fourth quarter worth $114,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Netflix by 24.2% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 770 shares of the Internet television network’s stock worth $114,000 after buying an additional 150 shares during the last quarter. Finally, CENTRAL TRUST Co increased its stake in shares of Netflix by 408.4% in the first quarter. CENTRAL TRUST Co now owns 849 shares of the Internet television network’s stock worth $125,000 after buying an additional 682 shares during the last quarter. 82.82% of the stock is currently owned by hedge funds and other institutional investors.

Netflix, Inc. (NASDAQ:NFLX) traded down 0.30% during midday trading on Tuesday, reaching $187.35. 3,719,582 shares of the company’s stock were exchanged. Netflix, Inc. has a 12 month low of $90.10 and a 12 month high of $188.66. The company has a 50 day moving average price of $159.42 and a 200 day moving average price of $149.39. The company has a market cap of $80.89 billion, a P/E ratio of 227.92 and a beta of 0.99.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Monday, July 17th. The Internet television network reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by $0.01. The firm had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.76 billion. Netflix had a return on equity of 12.82% and a net margin of 3.55%. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.09 EPS. On average, equities analysts anticipate that Netflix, Inc. will post $1.16 EPS for the current year.

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A number of equities research analysts have weighed in on the company. Moffett Nathanson reiterated a “neutral” rating on shares of Netflix in a report on Tuesday, July 18th. Zacks Investment Research downgraded Netflix from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Cantor Fitzgerald boosted their price objective on Netflix from $165.00 to $190.00 and gave the company an “overweight” rating in a report on Tuesday, June 6th. Sanford C. Bernstein restated a “buy” rating and set a $178.00 price objective on shares of Netflix in a report on Wednesday, May 31st. Finally, William Blair reaffirmed an “outperform” rating on shares of Netflix in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $169.38.

In related news, insider Neil D. Hunt sold 25,000 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $156.55, for a total value of $3,913,750.00. Following the transaction, the insider now owns 471,435 shares in the company, valued at $73,803,149.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Reed Hastings sold 101,815 shares of the firm’s stock in a transaction dated Monday, May 22nd. The shares were sold at an average price of $157.13, for a total value of $15,998,190.95. Following the completion of the sale, the chief executive officer now directly owns 101,815 shares in the company, valued at $15,998,190.95. The disclosure for this sale can be found here. Insiders have sold a total of 321,587 shares of company stock worth $50,540,078 in the last quarter. Company insiders own 4.90% of the company’s stock.

About Netflix

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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