Lifestyle Asset Management Inc. Has $411,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Lifestyle Asset Management Inc. lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 461 shares of the Internet television network’s stock after selling 41 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Netflix were worth $411,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Ameriprise Financial Inc. increased its position in shares of Netflix by 5.4% in the second quarter. Ameriprise Financial Inc. now owns 1,120,690 shares of the Internet television network’s stock valued at $756,945,000 after acquiring an additional 57,567 shares during the last quarter. Employees Retirement System of Texas increased its position in shares of Netflix by 2.2% during the 2nd quarter. Employees Retirement System of Texas now owns 141,527 shares of the Internet television network’s stock worth $95,514,000 after purchasing an additional 3,062 shares during the last quarter. DigitalBridge Group Inc. raised its stake in shares of Netflix by 35.5% during the 2nd quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares in the last quarter. Decatur Capital Management Inc. boosted its holdings in shares of Netflix by 2.5% in the 2nd quarter. Decatur Capital Management Inc. now owns 4,895 shares of the Internet television network’s stock valued at $3,304,000 after buying an additional 120 shares during the last quarter. Finally, DE Burlo Group Inc. bought a new position in shares of Netflix in the second quarter valued at $220,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Transactions at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard N. Barton sold 6,364 shares of the stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the transaction, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 146,500 shares of company stock valued at $123,309,210. 1.76% of the stock is currently owned by insiders.

Netflix Trading Up 3.2 %

NFLX opened at $984.86 on Friday. Netflix, Inc. has a twelve month low of $537.07 and a twelve month high of $999.00. The company has a 50-day simple moving average of $889.11 and a 200 day simple moving average of $763.41. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $420.99 billion, a price-to-earnings ratio of 49.67, a P/E/G ratio of 1.53 and a beta of 1.27.

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on NFLX shares. Loop Capital boosted their target price on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a report on Wednesday. Jefferies Financial Group boosted their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Evercore ISI boosted their target price on shares of Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday. The Goldman Sachs Group boosted their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, StockNews.com downgraded shares of Netflix from a “buy” rating to a “hold” rating in a report on Thursday. Ten analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $996.94.

Netflix 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.