Federated Hermes Inc. Has $139.22 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Federated Hermes Inc. lifted its holdings in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 81.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,196 shares of the Internet television network's stock after buying an additional 70,290 shares during the period. Federated Hermes Inc.'s holdings in Netflix were worth $139,221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. West Michigan Advisors LLC lifted its position in Netflix by 1.3% during the 4th quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock worth $692,000 after buying an additional 10 shares in the last quarter. Warwick Investment Management Inc. increased its position in shares of Netflix by 3.5% in the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock valued at $266,000 after acquiring an additional 10 shares during the last quarter. MRP Capital Investments LLC increased its position in shares of Netflix by 1.0% in the fourth quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network's stock valued at $938,000 after acquiring an additional 10 shares during the last quarter. Bedell Frazier Investment Counselling LLC raised its holdings in Netflix by 2.2% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network's stock worth $412,000 after acquiring an additional 10 shares in the last quarter. Finally, Enzi Wealth boosted its position in Netflix by 3.4% during the fourth quarter. Enzi Wealth now owns 331 shares of the Internet television network's stock valued at $316,000 after purchasing an additional 11 shares during the last quarter. 80.93% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on NFLX shares. Evercore ISI increased their price objective on Netflix from $950.00 to $1,100.00 and gave the company an "outperform" rating in a report on Wednesday, January 22nd. Robert W. Baird increased their price target on shares of Netflix from $875.00 to $1,200.00 and gave the company an "outperform" rating in a research note on Wednesday, January 22nd. Canaccord Genuity Group upgraded shares of Netflix from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $940.00 to $1,150.00 in a research note on Wednesday, January 22nd. Pivotal Research raised their target price on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a "buy" rating in a research note on Wednesday, January 22nd. Finally, Morgan Stanley boosted their price target on Netflix from $1,050.00 to $1,150.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Netflix presently has an average rating of "Moderate Buy" and a consensus target price of $1,017.31.

Insiders Place Their Bets

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of the firm'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 value 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 trade represents a 41.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 25,360 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares in the company, valued at approximately $362,933.10. The trade was a 98.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 274,312 shares of company stock valued at $267,919,297. 1.76% of the stock is currently owned by corporate insiders.

Netflix Price Performance

NASDAQ:NFLX traded down $26.76 during mid-day trading on Thursday, reaching $918.71. The stock had a trading volume of 2,735,844 shares, compared to its average volume of 3,669,540. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The stock has a market capitalization of $392.98 billion, a PE ratio of 46.32, a P/E/G ratio of 2.12 and a beta of 1.55. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a 50-day simple moving average of $962.78 and a two-hundred day simple moving average of $881.51.

Netflix (NASDAQ:NFLX - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) 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 quarter last year, the company posted $2.11 EPS. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current 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.