Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 54.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 500 shares of the Internet television network’s stock after selling 596 shares during the period. Moloney Securities Asset Management LLC’s holdings in Netflix were worth $446,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. AMF Tjanstepension AB raised its position in Netflix by 7.4% in the third quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after acquiring an additional 4,701 shares in the last quarter. CHICAGO TRUST Co NA grew its stake in shares of Netflix by 25.8% in the 3rd quarter. CHICAGO TRUST Co NA now owns 1,003 shares of the Internet television network’s stock worth $711,000 after purchasing an additional 206 shares during the last quarter. Gilman Hill Asset Management LLC acquired a new position in shares of Netflix in the 3rd quarter worth approximately $223,000. Capricorn Fund Managers Ltd raised its holdings in shares of Netflix by 28.0% in the 3rd quarter. Capricorn Fund Managers Ltd now owns 1,664 shares of the Internet television network’s stock worth $1,180,000 after purchasing an additional 364 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Netflix by 210.1% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,163 shares of the Internet television network’s stock valued at $825,000 after purchasing an additional 788 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Piper Sandler restated an “overweight” rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Needham & Company LLC boosted their target price on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Oppenheimer upped their target price on Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Finally, Citigroup upped their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity

In other Netflix news, Director Anne M. Sweeney sold 589 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ann Mather sold 2,682 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 298,870 shares of company stock valued at $285,287,314. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

Shares of NASDAQ NFLX opened at $1,027.60 on Tuesday. The business’s 50-day simple moving average is $917.36 and its 200-day simple moving average is $792.29. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,032.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $439.57 billion, a price-to-earnings ratio of 51.82, a P/E/G ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results 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. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.11 earnings per share. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

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.