CSM Advisors LLC Grows Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

CSM Advisors LLC grew its holdings in Netflix, Inc. (NASDAQ:NFLX) by 35.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 388 shares of the Internet television network’s stock after buying an additional 102 shares during the period. CSM Advisors LLC’s holdings in Netflix were worth $345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Pathway Financial Advisers LLC raised its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after acquiring an additional 14 shares during the period. Transce3nd LLC purchased a new stake in Netflix in the 4th quarter worth about $32,000. Newton One Investments LLC bought a new stake in Netflix in the fourth quarter worth about $34,000. Pineridge Advisors LLC boosted its position 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 valued at $37,000 after buying an additional 40 shares during the period. Finally, Princeton Global Asset Management LLC boosted its position in shares of Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after buying an additional 16 shares during the period. 80.93% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NFLX has been the subject of a number of recent analyst reports. StockNews.com cut Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Piper Sandler initiated coverage on shares of Netflix in a report on Thursday, April 17th. They issued an “overweight” rating and a $1,100.00 price target on the stock. Macquarie boosted their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the company an “outperform” rating in a research report on Monday. FBN Securities assumed coverage on shares of Netflix in a research note on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 price target for the company. Finally, Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,070.65.

Netflix Price Performance

Shares of NFLX opened at $1,040.34 on Wednesday. The firm has a 50-day simple moving average of $954.01 and a two-hundred day simple moving average of $897.26. The stock has a market cap of $445.01 billion, a PE ratio of 52.46, a P/E/G ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $544.25 and a 1-year high of $1,064.97. 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) last posted its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. During the same quarter last year, the firm earned $8.28 EPS. As a group, analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Transactions at Netflix

In other news, Director Ann Mather sold 2,682 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the sale, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. This trade represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 274,472 shares of company stock valued at $268,079,297. 1.76% of the stock is currently owned by corporate 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.