Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Rosenblum Silverman Sutton S F Inc. CA

Rosenblum Silverman Sutton S F Inc. CA trimmed its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,048 shares of the Internet television network’s stock after selling 771 shares during the period. Netflix makes up about 4.5% of Rosenblum Silverman Sutton S F Inc. CA’s holdings, making the stock its 6th biggest position. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Netflix were worth $17,869,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NFLX. Pathway Financial Advisers LLC grew its holdings in shares of Netflix by 82.4% during the 4th 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 in the last quarter. Newton One Investments LLC acquired a new position in Netflix in the 4th quarter worth about $34,000. Pineridge Advisors LLC raised its stake in shares of Netflix by 4,000.0% during the 4th quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares in the last quarter. Princeton Global Asset Management LLC lifted its holdings in shares of Netflix by 51.6% during the 4th 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 last quarter. Finally, Decker Retirement Planning Inc. acquired a new stake in shares of Netflix during the 4th quarter valued at about $43,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the transaction, the director now directly owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 280,676 shares of company stock valued at $273,515,672 over the last three months. 1.76% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on NFLX. Citigroup raised their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. JPMorgan Chase & Co. lifted their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Wednesday, January 22nd. Loop Capital reiterated a “hold” rating on shares of Netflix in a report on Monday, March 24th. Needham & Company LLC raised their target price on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Finally, Barclays upgraded Netflix from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $715.00 to $900.00 in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,023.74.

Netflix Trading Down 2.0 %

Shares of NFLX opened at $917.05 on Friday. The stock has a fifty day moving average price of $972.68 and a two-hundred day moving average price of $873.52. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The company has a market cap of $392.27 billion, a price-to-earnings ratio of 46.25, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued 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 firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The company’s 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. Analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal 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.