Netflix, Inc. (NASDAQ:NFLX) Holdings Cut by Aviva PLC

Aviva PLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 258,554 shares of the Internet television network's stock after selling 10,530 shares during the period. Netflix comprises approximately 0.6% of Aviva PLC's holdings, making the stock its 25th biggest holding. Aviva PLC owned about 0.06% of Netflix worth $230,454,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted 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 purchasing an additional 198,148 shares during the period. Texas Capital Bank Wealth Management Services Inc purchased a new position in Netflix in the 3rd quarter valued at about $248,000. Tenzing Global Management LLC boosted its position in Netflix by 11.1% in the 3rd quarter. Tenzing Global Management LLC now owns 12,500 shares of the Internet television network's stock valued at $8,866,000 after buying an additional 1,250 shares during the last quarter. Temasek Holdings Private Ltd grew its stake in shares of Netflix by 61.0% during the third quarter. Temasek Holdings Private Ltd now owns 46,092 shares of the Internet television network's stock valued at $32,692,000 after acquiring an additional 17,458 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Netflix during the third quarter worth about $878,000. Institutional investors and hedge funds own 80.93% of the company's stock.

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Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 25,360 shares of Netflix stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now directly owns 394 shares of the company's stock, valued at $362,933.10. This trade represents a 98.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the sale, the chief financial officer now owns 3,691 shares in the company, valued at $3,402,068.52. This represents a 41.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 274,312 shares of company stock valued at $267,919,297 over the last ninety days. Insiders own 1.76% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on NFLX. Sanford C. Bernstein raised Netflix from a "market perform" rating to an "outperform" rating and increased their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. JPMorgan Chase & Co. decreased their price target on shares of Netflix from $1,150.00 to $1,025.00 and set an "overweight" rating for the company in a research report on Tuesday. Wolfe Research raised shares of Netflix from a "peer perform" rating to an "outperform" rating and set a $1,100.00 price target on the stock in a report on Thursday, January 23rd. Piper Sandler restated an "overweight" rating and issued a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Finally, Guggenheim reaffirmed a "buy" rating and set a $1,100.00 price target on shares of Netflix in a research report on Thursday, April 3rd. Ten research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,017.31.

Netflix Price Performance

Shares of NFLX stock traded down $0.44 during mid-day trading on Wednesday, hitting $869.96. 2,031,505 shares of the stock traded hands, compared to its average volume of 3,645,192. 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 $372.13 billion, a price-to-earnings ratio of 43.89, a price-to-earnings-growth ratio of 2.12 and a beta of 1.55. The company's 50-day simple moving average is $963.96 and its 200-day simple moving average is $879.39. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion for the quarter, compared to analysts' expectations of $10.14 billion. During the same period in the previous year, the business earned $2.11 earnings per share. Netflix's revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities research analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current 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.