Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Alerus Financial NA

Alerus Financial NA lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 4.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,722 shares of the Internet television network’s stock after selling 436 shares during the period. Alerus Financial NA’s holdings in Netflix were worth $7,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NFLX. Principal Financial Group Inc. raised its position in shares of Netflix by 13.3% in the third quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after buying an additional 198,148 shares during the last quarter. Qsemble Capital Management LP acquired a new position in shares of Netflix during the 3rd quarter worth approximately $209,000. Blueshift Asset Management LLC purchased a new stake in shares of Netflix in the third quarter valued at approximately $339,000. CreativeOne Wealth LLC boosted its stake in Netflix by 41.2% during the third quarter. CreativeOne Wealth LLC now owns 3,470 shares of the Internet television network’s stock worth $2,461,000 after buying an additional 1,013 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter valued at $25,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on NFLX. FBN Securities began coverage on shares of Netflix in a research report on Thursday. They set an “outperform” rating and a $1,165.00 price objective for the company. Argus lifted their target price on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective for the company in a research report on Thursday, January 23rd. Oppenheimer boosted their price target on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Finally, Needham & Company LLC lifted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,021.02.

Insider Buying and Selling at Netflix

In related news, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the transaction, the chairman now owns 114 shares in the company, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 102,228 shares of the firm’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total value of $100,259,088.72. Following the completion of the transaction, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock worth $279,611,567 in the last quarter. 1.76% of the stock is owned by insiders.

Netflix Stock Up 0.6 %

NFLX opened at $976.72 on Friday. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm has a market cap of $417.80 billion, a P/E ratio of 49.25, a PEG ratio of 2.12 and a beta of 1.38. The business’s fifty day simple moving average is $970.22 and its 200 day simple moving average is $864.96. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.11 earnings per share. As a group, equities research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

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.