Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Cigna Investments Inc. New

Cigna Investments Inc. New cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 4,401 shares of the Internet television network’s stock after selling 27 shares during the quarter. Netflix comprises approximately 0.7% of Cigna Investments Inc. New’s holdings, making the stock its 23rd biggest position. Cigna Investments Inc. New’s holdings in Netflix were worth $3,923,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC bought a new position in Netflix during the 3rd quarter valued at $25,000. Newton One Investments LLC acquired a new position in Netflix during the fourth quarter worth $34,000. Pineridge Advisors LLC lifted its position in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the last quarter. Princeton Global Asset Management LLC raised its holdings in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 16 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of 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 buying an additional 42 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This trade represents a 96.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold 298,870 shares of company stock worth $285,287,314 in the last 90 days. 1.76% of the stock is owned by company insiders.

Netflix Trading Up 1.3 %

NASDAQ NFLX opened at $1,027.60 on Tuesday. The firm’s 50-day moving average is $917.36 and its two-hundred day moving average is $792.29. The stock has a market capitalization of $439.57 billion, a P/E ratio of 51.82, a PEG ratio of 2.11 and a beta of 1.27. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,032.85. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $2.11 EPS. On average, sell-side analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analysts Set New Price Targets

NFLX has been the topic of a number of research analyst reports. Argus increased their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Needham & Company LLC lifted their price target on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Wedbush restated an “outperform” rating and issued a $1,150.00 price objective (up previously from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Rosenblatt Securities upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Finally, TD Cowen boosted their price objective on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.