86 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. bought a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 86 shares of the Internet television network’s stock, valued at approximately $77,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Swedbank AB lifted its stake in shares of Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after buying an additional 8,024 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after buying an additional 198,148 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Netflix in the third quarter valued at $205,000. Massachusetts Financial Services Co. MA lifted its stake in shares of Netflix by 5,835.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 233,200 shares of the Internet television network’s stock valued at $165,402,000 after buying an additional 229,271 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its stake in shares of Netflix by 7.9% in the third quarter. Eagle Asset Management Inc. now owns 20,496 shares of the Internet television network’s stock valued at $14,537,000 after buying an additional 1,493 shares in the last quarter. 80.93% of the stock is owned by institutional investors.

Insider Activity

In other Netflix news, Chairman Reed Hastings sold 30,485 shares of Netflix stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the completion of the sale, the chairman now directly owns 394 shares in the company, valued at $386,876.48. The trade was a 98.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the sale, the insider now owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NFLX. Guggenheim raised their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and set a $1,100.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. BMO Capital Markets reissued an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Robert W. Baird raised their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Seaport Res Ptn raised shares of Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Netflix presently has an average rating of “Moderate Buy” and a consensus price target of $1,016.78.

Netflix Price Performance

NFLX stock opened at $960.29 on Friday. The firm has a 50 day moving average of $959.08 and a 200-day moving average of $857.81. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The firm has a market capitalization of $410.77 billion, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38.

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

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.