Encompass More Asset Management Sells 786 Shares of Netflix, Inc. (NASDAQ:NFLX)

Encompass More Asset Management trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 65.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 419 shares of the Internet television network’s stock after selling 786 shares during the period. Encompass More Asset Management’s holdings in Netflix were worth $373,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NFLX. International Assets Investment Management LLC boosted its holdings in 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 acquiring an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Netflix by 154.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock valued at $750,713,000 after buying an additional 642,920 shares in the last quarter. State Street Corp boosted its position in Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after buying an additional 426,740 shares during the period. Jennison Associates LLC grew its stake in Netflix by 4.7% in the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $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 during the third quarter worth approximately $222,871,000. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several research reports. Piper Sandler restated an “overweight” rating and set a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a research note on Wednesday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday. Jefferies Financial Group boosted their price objective on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Loop Capital increased their target price on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research report on Wednesday. Finally, Argus upped their price objective on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Nine investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average target price of $1,009.29.

Netflix Stock Performance

NFLX opened at $978.75 on Friday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $999.00. The firm has a market capitalization of $418.38 billion, a PE ratio of 49.52, a PEG ratio of 1.53 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The firm’s 50-day moving average price is $889.11 and its 200 day moving average price is $763.41.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.11 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Insider Activity

In related news, Director Timothy M. Haley sold 11,090 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total transaction of $8,405,776.40. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 41,601 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $758.06, for a total transaction of $31,536,054.06. Following the completion of the transaction, the chairman now directly owns 85 shares of the company’s stock, valued at $64,435.10. This represents a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 146,500 shares of company stock valued at $123,309,210 in the last quarter. Insiders own 1.76% of the company’s stock.

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.