Pacific Sun Financial Corp Lowers Position in Netflix, Inc. (NASDAQ:NFLX)

Pacific Sun Financial Corp decreased its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 576 shares of the Internet television network’s stock after selling 20 shares during the period. Pacific Sun Financial Corp’s holdings in Netflix were worth $513,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. AMF Tjanstepension AB increased its holdings in shares of Netflix by 7.4% in the 3rd quarter. AMF Tjanstepension AB now owns 68,460 shares of the Internet television network’s stock worth $48,557,000 after buying an additional 4,701 shares during the last quarter. Swedbank AB increased its stake in Netflix by 1.8% in the third quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after acquiring an additional 8,024 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Netflix by 8.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 979 shares of the Internet television network’s stock valued at $694,000 after purchasing an additional 75 shares in the last quarter. Ledyard National Bank bought a new stake in Netflix during the third quarter worth about $213,000. Finally, Oakworth Capital Inc. boosted its holdings in shares of Netflix by 13.2% in the 3rd quarter. Oakworth Capital Inc. now owns 137 shares of the Internet television network’s stock worth $97,000 after purchasing an additional 16 shares in the last quarter. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 0.7 %

Netflix stock opened at $1,043.33 on Thursday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The business’s fifty day simple moving average is $936.88 and its two-hundred day simple moving average is $814.17. The company has a market capitalization of $446.29 billion, a price-to-earnings ratio of 52.61, a price-to-earnings-growth ratio of 2.15 and a beta of 1.27.

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

Insider Activity at Netflix

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total transaction of $160,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ann Mather sold 2,682 shares of Netflix stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total transaction of $2,609,586.00. The disclosure for this sale can be found here. Insiders sold 303,220 shares of company stock valued at $289,856,164 over the last 90 days. Corporate insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent research reports. Piper Sandler restated an “overweight” rating and issued a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. 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. Wolfe Research raised shares of Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price on the stock in a report on Thursday, January 23rd. BMO Capital Markets restated an “outperform” rating and set a $1,175.00 price target (up from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Finally, Arete Research upgraded Netflix to a “hold” rating in a report on Thursday, January 23rd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.