Crew Capital Management Ltd. Trims Holdings in Netflix, Inc. (NASDAQ:NFLX)

Crew Capital Management Ltd. trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 17.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 411 shares of the Internet television network’s stock after selling 87 shares during the period. Crew Capital Management Ltd.’s holdings in Netflix were worth $366,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in NFLX. Swedbank AB increased its stake in Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock worth $329,958,000 after buying an additional 8,024 shares during the period. Moloney Securities Asset Management LLC purchased a new stake in Netflix during the 3rd quarter worth approximately $777,000. United Advisor Group LLC increased its stake in Netflix by 23.0% during the 3rd quarter. United Advisor Group LLC now owns 839 shares of the Internet television network’s stock worth $595,000 after buying an additional 157 shares during the period. Geneva Partners LLC purchased a new stake in Netflix during the 3rd quarter worth approximately $3,704,000. Finally, Pittenger & Anderson Inc. increased its stake in Netflix by 30.5% during the 3rd quarter. Pittenger & Anderson Inc. now owns 2,314 shares of the Internet television network’s stock worth $1,641,000 after buying an additional 541 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Down 0.1 %

Shares of Netflix stock opened at $972.58 on Wednesday. The company has a market cap of $416.03 billion, a P/E ratio of 49.05, a PEG ratio of 2.12 and a beta of 1.27. 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, Inc. has a one year low of $542.01 and a one year high of $1,064.50. The firm has a fifty day moving average of $949.77 and a two-hundred day moving average of $837.58.

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 company had revenue of $10.25 billion during the quarter, compared to the consensus estimate 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 earned $2.11 EPS. On average, analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on NFLX shares. Citigroup upped their target price on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Pivotal Research increased their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Piper Sandler reissued an “overweight” rating and issued a $1,100.00 price objective (up from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and increased their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $1,175.00 price objective (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insiders Place Their Bets

In other news, CEO Gregory K. Peters sold 4,939 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $13,338,500. This trade represents a 27.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Jeffrey William Karbowski sold 480 shares of the 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. In the last quarter, insiders sold 288,103 shares of company stock worth $279,142,041. 1.76% of the stock is owned by insiders.

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.