Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 5.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,212,400 shares of the Internet television network's stock after selling 66,600 shares during the quarter. Netflix comprises approximately 0.7% of Swiss National Bank's portfolio, making the stock its 20th biggest position. Swiss National Bank owned approximately 0.28% of Netflix worth $1,080,636,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC acquired a new position in Netflix in the 3rd quarter valued at about $25,000. Pathway Financial Advisers LLC grew its stake in shares of Netflix by 82.4% in the 4th quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network's stock valued at $27,000 after purchasing an additional 14 shares during the last quarter. Newton One Investments LLC acquired a new position in shares of Netflix in the fourth quarter valued at approximately $34,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the third quarter worth approximately $37,000. Finally, Pineridge Advisors LLC lifted its holdings in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network's stock worth $37,000 after purchasing an additional 40 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

NFLX has been the topic of several recent research reports. Benchmark raised shares of Netflix from a "sell" rating to a "hold" rating in a research note on Wednesday, January 22nd. BMO Capital Markets reiterated an "outperform" rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research note on Wednesday, January 22nd. Piper Sandler restated an "overweight" rating and issued a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Pivotal Research boosted their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a "buy" rating in a research report on Wednesday, January 22nd. Finally, StockNews.com downgraded Netflix from a "buy" rating to a "hold" rating in a research note on Tuesday, February 4th. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,014.26.

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Netflix Stock Performance

Shares of NFLX opened at $919.68 on Thursday. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The company's 50 day simple moving average is $950.23 and its 200 day simple moving average is $845.78. The company has a market capitalization of $393.40 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 2.12 and a beta of 1.38. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

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 for the quarter, topping analysts' consensus estimates of $4.20 by $0.07. The company had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.11 EPS. On average, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In other Netflix news, Director Ann Mather sold 2,682 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $973.00, for a total transaction of $2,609,586.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Reed Hastings sold 30,485 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $981.92, for a total transaction of $29,933,831.20. Following the sale, the chairman now directly owns 394 shares of the company's stock, valued at $386,876.48. This represents a 98.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 288,103 shares of company stock valued at $279,142,041. Insiders own 1.76% of the company's stock.

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.

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