Hilltop Partners LLC Sells 16 Shares of Netflix, Inc. (NASDAQ:NFLX)

Hilltop Partners LLC reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 2.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 533 shares of the Internet television network’s stock after selling 16 shares during the period. Hilltop Partners LLC’s holdings in Netflix were worth $475,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC bought a new position in Netflix in the 3rd quarter worth approximately $25,000. Pathway Financial Advisers LLC lifted its position in shares of Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of Netflix by 700.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. Newton One Investments LLC purchased a new position in shares of Netflix in the fourth quarter valued at $34,000. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Netflix during the 3rd quarter valued at $37,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CFO Spencer Adam Neumann sold 10,000 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $978.41, for a total value of $9,784,100.00. Following the completion of the transaction, the chief financial officer now owns 3,691 shares in the company, valued at approximately $3,611,311.31. This trade represents a 73.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of Netflix stock in a transaction that occurred on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The disclosure for this sale can be found here. In the last three months, insiders have sold 303,380 shares of company stock valued at $290,016,164. Company insiders own 1.76% of the company’s stock.

Netflix Stock Down 2.7 %

Shares of NASDAQ NFLX opened at $963.07 on Friday. The stock has a market cap of $411.96 billion, a PE ratio of 48.57, a P/E/G ratio of 2.12 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12-month low of $542.01 and a 12-month high of $1,064.50. The company has a 50-day moving average of $946.29 and a 200 day moving average of $828.40.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The firm 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%. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. As a group, sell-side analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent analyst reports. Rosenblatt Securities raised shares of Netflix from a “neutral” rating to a “buy” rating and increased their price target for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Loop Capital raised their price target on shares of Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and set a $1,100.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Bank of America increased their price objective on Netflix from $1,000.00 to $1,175.00 and gave the stock a “buy” rating in a research report on Wednesday, January 22nd. Finally, UBS Group boosted their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock a “buy” rating in a research report 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

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.