Select Asset Management & Trust Has $370,000 Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Select Asset Management & Trust cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 415 shares of the Internet television network’s stock after selling 12 shares during the period. Select Asset Management & Trust’s holdings in Netflix were worth $370,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Pathway Financial Advisers LLC grew its position 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 worth $27,000 after purchasing an additional 14 shares in the last quarter. Transce3nd LLC bought a new stake in shares of Netflix in the fourth quarter valued at approximately $32,000. Newton One Investments LLC acquired a new stake in Netflix during the fourth quarter worth approximately $34,000. Pineridge Advisors LLC grew its position in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares in the last quarter. Finally, Princeton Global Asset Management LLC increased its stake in Netflix by 51.6% during the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after acquiring an additional 16 shares during the period. 80.93% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. The trade was a 56.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 25,360 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total transaction of $23,360,364.00. Following the sale, the chairman now directly owns 394 shares of the company’s stock, valued at approximately $362,933.10. This trade represents a 98.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 274,312 shares of company stock valued at $267,919,297 over the last quarter. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. The Goldman Sachs Group upped their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Guggenheim reaffirmed a “buy” rating and set a $1,150.00 price objective on shares of Netflix in a research report on Friday. BMO Capital Markets restated an “outperform” rating on shares of Netflix in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Netflix from $1,150.00 to $1,025.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Evercore ISI boosted their price objective on shares of Netflix from $950.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Nine investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,036.38.

Netflix Trading Up 1.2 %

Shares of NFLX stock opened at $973.03 on Monday. The stock has a 50-day moving average of $954.87 and a 200-day moving average of $894.38. 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 stock has a market cap of $416.22 billion, a price-to-earnings ratio of 49.07, a PEG ratio of 2.12 and a beta of 1.55. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating analysts’ consensus estimates of $5.74 by $0.87. The business had revenue of $10.54 billion during the quarter, compared to the consensus estimate of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the prior year, the firm posted $8.28 EPS. On average, equities research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current 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.