Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Lbp Am Sa

Lbp Am Sa decreased its holdings in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 41.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,233 shares of the Internet television network's stock after selling 12,387 shares during the period. Lbp Am Sa's holdings in Netflix were worth $15,360,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. West Michigan Advisors LLC grew its position in shares of Netflix by 1.3% in the fourth quarter. West Michigan Advisors LLC now owns 776 shares of the Internet television network's stock valued at $692,000 after purchasing an additional 10 shares during the last quarter. Warwick Investment Management Inc. boosted its position in Netflix by 3.5% during the fourth quarter. Warwick Investment Management Inc. now owns 298 shares of the Internet television network's stock worth $266,000 after acquiring an additional 10 shares during the last quarter. 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 worth $316,000 after acquiring an additional 11 shares during the last quarter. TCI Wealth Advisors Inc. boosted its position in Netflix by 1.6% during the fourth quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network's stock worth $624,000 after acquiring an additional 11 shares during the last quarter. Finally, Everett Harris & Co. CA boosted its position in Netflix by 1.3% during the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network's stock worth $775,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 80.93% of the company's stock.

Netflix Price Performance

Shares of NFLX stock opened at $890.17 on Friday. The firm has a market cap of $380.78 billion, a P/E ratio of 44.89, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The firm has a fifty day moving average of $950.30 and a two-hundred day moving average of $846.09.

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Netflix (NASDAQ:NFLX - Get Free Report) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping the consensus estimate of $4.20 by $0.07. The company had revenue of $10.25 billion during the quarter, compared to analyst estimates 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 period last year, the business earned $2.11 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on NFLX shares. Barclays upgraded shares of Netflix from an "underweight" rating to an "equal weight" rating and raised their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Piper Sandler restated an "overweight" rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Bank of America raised their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Rosenblatt Securities upgraded shares of Netflix from a "neutral" rating to a "buy" rating and raised their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Finally, Pivotal Research increased their price target on shares of Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Netflix currently has a consensus rating of "Moderate Buy" and an average price target of $1,014.26.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 102,228 shares of Netflix stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares of the company's stock, valued at approximately $12,700,583. The trade was a 88.76 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $986.75, for a total transaction of $473,640.00. The disclosure for this sale can be found here. Insiders sold a total of 288,103 shares of company stock valued at $279,142,041 in the last ninety days. Corporate insiders own 1.76% of the company's stock.

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.

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