Norden Group LLC Sells 244 Shares of Netflix, Inc. (NASDAQ:NFLX)

Norden Group LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,317 shares of the Internet television network’s stock after selling 244 shares during the quarter. Netflix comprises about 0.9% of Norden Group LLC’s investment portfolio, making the stock its 17th biggest position. Norden Group LLC’s holdings in Netflix were worth $8,304,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC increased its stake in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the third quarter valued at approximately $25,000. Newton One Investments LLC bought a new position in shares of Netflix during the fourth quarter valued at approximately $34,000. Pineridge Advisors LLC grew its stake in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC grew its stake in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after buying an additional 16 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Netflix Stock Performance

Shares of NFLX opened at $980.56 on Friday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The stock has a fifty day moving average price of $947.72 and a 200-day moving average price of $832.09. 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 firm has a market cap of $419.44 billion, a PE ratio of 49.45, a P/E/G ratio of 2.12 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating 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 firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the business posted $2.11 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction 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 transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 303,380 shares of company stock worth $290,016,164. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. The Goldman Sachs Group upped their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and upped their target price for the company from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and upped their target price for the company from $680.00 to $1,494.00 in a research note on Wednesday, January 22nd. Arete Research raised Netflix to a “hold” rating in a research note on Thursday, January 23rd. Finally, UBS Group upped their target price on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,021.70.

About Netflix

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.