Xponance Inc. Lowers Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Xponance Inc. lowered its holdings in Netflix, Inc. (NASDAQ:NFLX) by 0.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,442 shares of the Internet television network’s stock after selling 734 shares during the period. Netflix accounts for 0.8% of Xponance Inc.’s investment portfolio, making the stock its 16th biggest position. Xponance Inc.’s holdings in Netflix were worth $91,309,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Swedbank AB boosted its position 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 worth $329,958,000 after buying an additional 8,024 shares during the period. Principal Financial Group Inc. boosted its position 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 worth $1,200,485,000 after buying an additional 198,148 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of Netflix by 6.6% in the third quarter. Thrivent Financial for Lutherans now owns 70,276 shares of the Internet television network’s stock worth $49,844,000 after acquiring an additional 4,348 shares in the last quarter. Aljian Capital Management LLC lifted its stake in shares of Netflix by 6.2% in the third quarter. Aljian Capital Management LLC now owns 8,347 shares of the Internet television network’s stock worth $5,920,000 after acquiring an additional 489 shares in the last quarter. Finally, MAI Capital Management lifted its stake in shares of Netflix by 5.6% in the third quarter. MAI Capital Management now owns 60,265 shares of the Internet television network’s stock worth $42,744,000 after acquiring an additional 3,208 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 3.5 %

Shares of NFLX opened at $950.02 on Tuesday. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. 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 firm has a market capitalization of $406.38 billion, a price-to-earnings ratio of 47.91, a P/E/G ratio of 2.12 and a beta of 1.38. The stock’s 50-day moving average price is $952.40 and its 200 day moving average price is $851.72.

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

Analyst Upgrades and Downgrades

NFLX has been the topic of several recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $1,150.00 price target (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Wolfe Research upgraded Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a research note on Thursday, January 23rd. Needham & Company LLC upped their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Citigroup upped their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,016.78.

Insider Transactions at Netflix

In other Netflix news, Chairman Reed Hastings sold 35,868 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $101,241.12. This represents a 99.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on 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 directly owns 246 shares in the company, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock valued at $279,142,041 in the last three months. 1.76% of the stock is owned by corporate insiders.

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.