Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 67.0% during the 4th quarter, Holdings Channel reports. The firm owned 1,760 shares of the Internet television network’s stock after selling 3,570 shares during the quarter. Blue Trust Inc.’s holdings in Netflix were worth $1,569,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. State Street Corp grew its holdings in Netflix by 2.6% during the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after buying an additional 426,740 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Netflix by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after acquiring an additional 123,029 shares during the last quarter. Jennison Associates LLC increased its position in Netflix by 4.7% during the 3rd quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock worth $4,958,417,000 after purchasing an additional 316,594 shares in the last quarter. International Assets Investment Management LLC raised its stake in Netflix by 116,620.0% in the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after purchasing an additional 5,748,200 shares during the last quarter. Finally, Wellington Management Group LLP lifted its holdings in Netflix by 0.5% in the 3rd quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after purchasing an additional 23,702 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of a number of analyst reports. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $975.00 to $1,200.00 in a research report on Friday, January 24th. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price target on the stock in a research note on Thursday, January 23rd. Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 price objective (up previously from $950.00) on shares of Netflix in a research report on Wednesday, January 22nd. Benchmark upgraded Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday, January 22nd. Finally, Macquarie lifted their price target on Netflix from $965.00 to $1,150.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,021.70.

Insider Activity at Netflix

In other news, Director Anne M. Sweeney sold 589 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Strive Masiyiwa sold 2,813 shares of the firm’s 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 disclosure for this sale can be found here. Insiders have sold 303,809 shares of company stock valued at $290,374,484 over the last ninety days. Corporate insiders own 1.76% of the company’s stock.

Netflix Stock Up 1.4 %

Shares of NASDAQ NFLX opened at $1,058.60 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. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The stock’s 50-day simple moving average is $929.40 and its 200-day simple moving average is $804.02. The firm has a market cap of $452.83 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 2.11 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10.14 billion. During the same period in the previous year, the business earned $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current fiscal 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.