Netflix, Inc. (NASDAQ:NFLX) Stake Trimmed by Securian Asset Management Inc.

Securian Asset Management Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,662 shares of the Internet television network’s stock after selling 312 shares during the period. Netflix comprises 0.6% of Securian Asset Management Inc.’s investment portfolio, making the stock its 28th largest holding. Securian Asset Management Inc.’s holdings in Netflix were worth $21,133,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Halbert Hargrove Global Advisors LLC lifted its stake in Netflix by 100.0% in the 1st quarter. Halbert Hargrove Global Advisors LLC now owns 26 shares of the Internet television network’s stock worth $25,000 after acquiring an additional 13 shares in the last quarter. Brown Shipley& Co Ltd acquired a new position in shares of Netflix in the 4th quarter valued at about $27,000. Transce3nd LLC acquired a new position in shares of Netflix in the 4th quarter valued at about $32,000. Copia Wealth Management purchased a new stake in shares of Netflix in the fourth quarter worth approximately $37,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of Netflix during the first quarter worth approximately $42,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Netflix

In other Netflix news, Director Jay C. Hoag sold 32,515 shares of the firm’s stock in a transaction that occurred on Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the completion of the sale, the director owned 79,040 shares in the company, valued at approximately $87,099,708.80. This trade represents a 29.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Reed Hastings sold 26,977 shares of Netflix stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $1,133.05, for a total value of $30,566,289.85. Following the sale, the director directly owned 394 shares in the company, valued at $446,421.70. The trade was a 98.56% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 186,723 shares of company stock valued at $223,307,201. 1.37% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on NFLX shares. The Goldman Sachs Group upped their price objective on shares of Netflix from $1,000.00 to $1,140.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Loop Capital reaffirmed a “hold” rating on shares of Netflix in a research note on Monday, March 24th. Piper Sandler increased their price objective on Netflix from $1,150.00 to $1,400.00 and gave the stock an “overweight” rating in a report on Friday. Morgan Stanley upped their target price on Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a research report on Monday, April 21st. Finally, Seaport Res Ptn cut Netflix from a “strong-buy” rating to a “hold” rating in a research note on Sunday, July 6th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,214.52.

Netflix Price Performance

NASDAQ:NFLX opened at $1,245.11 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.20 and a quick ratio of 1.20. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,341.15. The company has a fifty day moving average price of $1,221.70 and a 200 day moving average price of $1,050.73. The stock has a market cap of $529.88 billion, a P/E ratio of 58.84, a PEG ratio of 2.25 and a beta of 1.59.

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

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.