Curran Financial Partners LLC Acquires Shares of 268 Netflix, Inc. (NASDAQ:NFLX)

Curran Financial Partners LLC bought a new stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 268 shares of the Internet television network's stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in shares of Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network's stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network's stock worth $750,713,000 after acquiring an additional 642,920 shares in the last quarter. State Street Corp grew its stake in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network's stock worth $12,023,082,000 after acquiring an additional 426,740 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network's stock valued at $4,958,417,000 after acquiring an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new position in shares of Netflix in the 3rd quarter valued at approximately $222,871,000. Institutional investors own 80.93% of the company's stock.

Netflix Stock Down 0.6 %

Shares of NFLX traded down $5.56 during mid-day trading on Monday, hitting $972.03. 3,612,116 shares of the company's stock were exchanged, compared to its average volume of 4,703,665. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The company has a market cap of $415.50 billion, a price-to-earnings ratio of 49.02, a P/E/G ratio of 1.53 and a beta of 1.27. The stock's 50-day moving average is $895.13 and its 200-day moving average is $768.18. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $999.00.

Netflix (NASDAQ:NFLX - Get Free Report) last posted 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 business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter in the previous year, the firm posted $2.11 earnings per share. The company's quarterly revenue was up 16.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Netflix, Inc. will post 23.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

NFLX has been the topic of a number of research reports. StockNews.com lowered Netflix from a "buy" rating to a "hold" rating in a report on Thursday. Piper Sandler reaffirmed an "overweight" rating and set a $1,100.00 target price (up from $950.00) on shares of Netflix in a report 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 report on Thursday. Needham & Company LLC raised their target price on Netflix from $800.00 to $1,150.00 and gave the company a "buy" rating in a research report on Wednesday, January 22nd. Finally, KeyCorp lifted their price target on shares of Netflix from $1,000.00 to $1,100.00 and gave the company an "overweight" rating in a research note on Wednesday, January 22nd. Nine equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,021.70.

Insider Activity at Netflix

In other Netflix news, CEO Theodore A. Sarandos sold 1,278 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the transaction, the chief executive officer now owns 2,556 shares in the company, valued at $1,960,579.80. This represents a 33.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Reed Hastings sold 41,601 shares of Netflix stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $758.06, for a total value of $31,536,054.06. Following the transaction, the chairman now directly owns 85 shares in the company, valued at approximately $64,435.10. This trade represents a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock valued at $123,913,691 over the last 90 days. 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.