Mutual of America Capital Management LLC Sells 1,465 Shares of Netflix, Inc. (NASDAQ:NFLX)

Mutual of America Capital Management LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,735 shares of the Internet television network’s stock after selling 1,465 shares during the quarter. Netflix makes up about 0.5% of Mutual of America Capital Management LLC’s portfolio, making the stock its 22nd largest position. Mutual of America Capital Management LLC’s holdings in Netflix were worth $46,379,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Fullcircle Wealth LLC lifted its stake in shares of Netflix by 2.5% in the 1st quarter. Fullcircle Wealth LLC now owns 369 shares of the Internet television network’s stock worth $344,000 after purchasing an additional 9 shares during the period. MRP Capital Investments LLC raised its stake in Netflix by 1.0% during the 4th quarter. MRP Capital Investments LLC now owns 1,052 shares of the Internet television network’s stock worth $938,000 after acquiring an additional 10 shares during the period. Bedell Frazier Investment Counselling LLC raised its stake in Netflix by 2.2% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 462 shares of the Internet television network’s stock worth $412,000 after acquiring an additional 10 shares during the period. Mission Creek Capital Partners Inc. raised its stake in Netflix by 0.3% during the 4th quarter. Mission Creek Capital Partners Inc. now owns 3,826 shares of the Internet television network’s stock worth $3,410,000 after acquiring an additional 10 shares during the period. Finally, Continuum Wealth Advisors LLC raised its stake in Netflix by 4.4% during the 1st quarter. Continuum Wealth Advisors LLC now owns 235 shares of the Internet television network’s stock worth $219,000 after acquiring an additional 10 shares during the period. 80.93% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on NFLX shares. Wedbush restated an “outperform” rating and set a $1,200.00 target price on shares of Netflix in a research note on Monday, May 5th. Evercore ISI restated an “outperform” rating on shares of Netflix in a research note on Thursday, May 15th. Benchmark restated a “hold” rating on shares of Netflix in a research note on Monday, April 21st. Piper Sandler raised their target price on shares of Netflix from $1,150.00 to $1,400.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Citigroup restated a “neutral” rating and set a $1,250.00 target price (up previously from $1,020.00) on shares of Netflix in a research note on Thursday, May 29th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $1,214.52.

Insider Activity

In other Netflix news, CFO Spencer Adam Neumann sold 2,601 shares of Netflix stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $1,132.38, for a total transaction of $2,945,320.38. Following the completion of the transaction, the chief financial officer directly owned 3,691 shares of the company’s stock, valued at $4,179,614.58. The trade was a 41.34% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total transaction of $30,566,289.85. Following the transaction, the director directly owned 394 shares of the company’s stock, valued at $446,421.70. The trade was a 98.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 186,723 shares of company stock valued at $223,307,201 over the last ninety days. 1.37% of the stock is owned by corporate insiders.

Netflix Stock Down 0.4%

NASDAQ NFLX opened at $1,245.11 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.58. The company has a fifty day moving average of $1,221.70 and a two-hundred day moving average of $1,049.85. The firm has a market capitalization of $529.88 billion, a price-to-earnings ratio of 58.84, a PEG ratio of 2.26 and a beta of 1.59. Netflix, Inc. has a 52 week low of $587.04 and a 52 week high of $1,341.15.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, topping the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 23.07% and a return on equity of 39.61%. During the same period in the previous year, the firm earned $8.28 earnings per share. On average, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current year.

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.