Knuff & Co LLC Reduces Holdings in Netflix, Inc. (NASDAQ:NFLX)

Knuff & Co LLC lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 5.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 16,963 shares of the Internet television network’s stock after selling 895 shares during the quarter. Netflix makes up 4.6% of Knuff & Co LLC’s holdings, making the stock its 4th biggest holding. Knuff & Co LLC’s holdings in Netflix were worth $15,119,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC purchased a new stake in Netflix during the third quarter valued at approximately $25,000. Pathway Financial Advisers LLC grew its holdings in shares of 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 buying an additional 14 shares in the last quarter. Newton One Investments LLC acquired a new position in Netflix in the fourth quarter valued at about $34,000. MidAtlantic Capital Management Inc. purchased a new position in Netflix in the third quarter valued at approximately $37,000. Finally, Pineridge Advisors LLC lifted its holdings in Netflix by 4,000.0% in the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $982.05, for a total transaction of $2,554,312.05. Following the completion of the transaction, the chief financial officer now owns 3,691 shares of the company’s stock, valued at $3,624,746.55. This represents a 41.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares of the company’s stock, valued at approximately $13,338,500. The trade was a 27.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 288,103 shares of company stock worth $279,142,041. Company insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research analyst reports. Guggenheim raised their price target on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Bank of America increased their price target on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Argus raised their target price on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Loop Capital boosted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Finally, Oppenheimer upped their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Ten research 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 has a consensus rating of “Moderate Buy” and a consensus price target of $1,014.26.

Netflix Trading Up 3.3 %

NASDAQ:NFLX opened at $895.10 on Wednesday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The firm has a market cap of $382.89 billion, a price-to-earnings ratio of 45.14, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $949.66 and its 200-day moving average is $845.26.

Netflix (NASDAQ:NFLX) last issued its 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 net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.11 EPS. Equities analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix 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.