Trexquant Investment LP Sells 17,016 Shares of Netflix, Inc. (NASDAQ:NFLX)

Trexquant Investment LP reduced its stake in Netflix, Inc. (NASDAQ:NFLX - Free Report) by 62.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,026 shares of the Internet television network's stock after selling 17,016 shares during the period. Trexquant Investment LP's holdings in Netflix were worth $8,936,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. May Hill Capital LLC acquired a new stake in Netflix during the 4th quarter worth approximately $1,214,000. Headlands Technologies LLC increased its position in Netflix by 125.7% during the 4th quarter. Headlands Technologies LLC now owns 7,774 shares of the Internet television network's stock worth $6,929,000 after buying an additional 4,329 shares during the period. Invenio Wealth Partners LLC acquired a new stake in shares of Netflix during the fourth quarter worth $231,000. Boston Family Office LLC boosted its position in shares of Netflix by 85.1% in the fourth quarter. Boston Family Office LLC now owns 583 shares of the Internet television network's stock valued at $520,000 after acquiring an additional 268 shares during the period. Finally, OLD Mission Capital LLC acquired a new position in shares of Netflix in the fourth quarter valued at about $361,000. 80.93% of the stock is owned by institutional investors.

Insider Transactions at Netflix

In other news, CAO Jeffrey William Karbowski sold 160 shares of the firm's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider David A. Hyman sold 41,121 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 280,676 shares of company stock valued at $273,515,672. Corporate insiders own 1.76% of the company's stock.

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Netflix Trading Down 2.0 %

Shares of Netflix stock traded down $18.47 during midday trading on Thursday, reaching $917.05. The company had a trading volume of 5,855,995 shares, compared to its average volume of 3,609,504. The stock has a fifty day moving average price of $972.68 and a 200 day moving average price of $873.52. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50. The firm has a market cap of $392.27 billion, a PE ratio of 46.25, 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 (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, topping analysts' consensus estimates 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 the consensus estimate of $10.14 billion. During the same quarter in the previous year, the company earned $2.11 EPS. The company's revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Piper Sandler reissued an "overweight" rating and issued a $1,100.00 price objective (up previously 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 target for the company in a research note on Thursday, January 23rd. KeyCorp raised their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 22nd. Seaport Res Ptn raised Netflix from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Finally, Oppenheimer increased their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock an "outperform" rating in a report on Wednesday, January 22nd. Ten research 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. According to MarketBeat, Netflix has an average rating of "Moderate Buy" and a consensus price target of $1,023.74.

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.