Netflix, Inc. (NASDAQ:NFLX) Stake Trimmed by Annis Gardner Whiting Capital Advisors LLC

Annis Gardner Whiting Capital Advisors LLC cut its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,080 shares of the Internet television network’s stock after selling 149 shares during the period. Netflix comprises 1.0% of Annis Gardner Whiting Capital Advisors LLC’s holdings, making the stock its 13th largest position. Annis Gardner Whiting Capital Advisors LLC’s holdings in Netflix were worth $3,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Netflix by 13.3% during 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 in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in Netflix by 43.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 32,902 shares of the Internet television network’s stock valued at $23,336,000 after acquiring an additional 10,001 shares in the last quarter. Reynders McVeigh Capital Management LLC increased its holdings in shares of Netflix by 4.8% in the 3rd quarter. Reynders McVeigh Capital Management LLC now owns 434 shares of the Internet television network’s stock valued at $307,000 after purchasing an additional 20 shares during the period. Royal London Asset Management Ltd. lifted its position in shares of Netflix by 3.8% in the third quarter. Royal London Asset Management Ltd. now owns 277,595 shares of the Internet television network’s stock worth $196,890,000 after purchasing an additional 10,248 shares in the last quarter. Finally, Quarry LP lifted its position in shares of Netflix by 2,466.7% in the third quarter. Quarry LP now owns 770 shares of the Internet television network’s stock worth $546,000 after purchasing an additional 740 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Stock Down 2.0 %

Shares of NFLX opened at $917.05 on Friday. 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 50-day simple moving average of $972.68 and a 200-day simple moving average of $873.52. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The firm has a market capitalization of $392.27 billion, a P/E ratio of 46.25, a P/E/G ratio of 2.12 and a beta of 1.38.

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

Insider Buying and Selling

In other Netflix news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were 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 owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $921.15, for a total value of $23,360,364.00. Following the completion of the sale, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. This represents a 98.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 280,676 shares of company stock valued at $273,515,672 over the last ninety days. 1.76% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NFLX shares. Robert W. Baird upped their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 price target (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Evercore ISI lifted their price objective on Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Barclays raised Netflix from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $715.00 to $900.00 in a research report on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a report on Wednesday, January 22nd. Ten equities research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,023.74.

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.