Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLXFree Report) by 10.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 830 shares of the Internet television network’s stock after selling 101 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Netflix were worth $404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its position in Netflix by 3.1% in the 2nd quarter. State Street Corp now owns 16,699,906 shares of the Internet television network’s stock valued at $7,356,142,000 after buying an additional 504,416 shares during the last quarter. Morgan Stanley grew its position in Netflix by 11.1% in the 4th quarter. Morgan Stanley now owns 6,463,661 shares of the Internet television network’s stock valued at $1,906,005,000 after buying an additional 644,162 shares during the last quarter. Norges Bank purchased a new stake in shares of Netflix during the 4th quarter worth $1,501,762,000. Northern Trust Corp boosted its position in shares of Netflix by 2.1% during the 3rd quarter. Northern Trust Corp now owns 4,633,770 shares of the Internet television network’s stock worth $1,749,712,000 after purchasing an additional 96,938 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Netflix by 24.3% during the 3rd quarter. Jennison Associates LLC now owns 3,878,293 shares of the Internet television network’s stock worth $1,464,444,000 after purchasing an additional 759,378 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Netflix

In related news, CEO Theodore A. Sarandos sold 68,957 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at approximately $717,379.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Netflix news, CEO Theodore A. Sarandos sold 68,957 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the sale, the chief executive officer now directly owns 1,278 shares of the company’s stock, valued at $717,379.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 268,335 shares of company stock valued at $151,619,811. Corporate insiders own 2.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Piper Sandler boosted their target price on shares of Netflix from $475.00 to $550.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Robert W. Baird boosted their target price on shares of Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Canaccord Genuity Group boosted their target price on shares of Netflix from $575.00 to $625.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Barclays lifted their price target on Netflix from $375.00 to $475.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 24th. Finally, Pivotal Research lifted their price target on Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $583.18.

Check Out Our Latest Report on NFLX

Netflix Stock Up 0.7 %

Shares of Netflix stock traded up $4.14 on Wednesday, hitting $618.35. 269,513 shares of the company’s stock traded hands, compared to its average volume of 4,407,346. The stock has a market cap of $267.60 billion, a P/E ratio of 51.14, a PEG ratio of 1.66 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The firm’s 50-day moving average is $591.75 and its 200 day moving average is $493.62. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $634.39.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $8.83 billion for the quarter, compared to analyst estimates of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business’s revenue was up 12.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.12 earnings per share. Equities analysts anticipate that Netflix, Inc. will post 17.01 earnings per share 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.

See Also

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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