TimesSquare Capital Management LLC lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 11.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 743 shares of the Internet television network’s stock after selling 95 shares during the period. TimesSquare Capital Management LLC’s holdings in Netflix were worth $388,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. HighMark Wealth Management LLC bought a new stake in Netflix during the first quarter worth about $26,000. ShoreHaven Wealth Partners LLC bought a new stake in Netflix during the fourth quarter worth about $27,000. Valley Brook Capital Group bought a new stake in Netflix during the fourth quarter worth about $27,000. Litman Gregory Asset Management LLC bought a new stake in Netflix during the fourth quarter worth about $30,000. Finally, Jones Financial Companies Lllp grew its stake in Netflix by 1,500.0% during the first quarter. Jones Financial Companies Lllp now owns 64 shares of the Internet television network’s stock worth $33,000 after buying an additional 60 shares during the last quarter. 79.75% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:NFLX opened at $487.27 on Friday. The firm has a 50 day moving average price of $511.51. The firm has a market cap of $216.06 billion, a PE ratio of 58.92, a PEG ratio of 1.46 and a beta of 0.75. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15. Netflix, Inc. has a 12 month low of $412.45 and a 12 month high of $593.29.
In other Netflix news, Director Jay C. Hoag sold 2,639 shares of the business’s stock in a transaction that occurred on Tuesday, May 11th. The shares were sold at an average price of $491.30, for a total transaction of $1,296,540.70. Following the sale, the director now directly owns 1,309 shares of the company’s stock, valued at approximately $643,111.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.68% of the company’s stock.
Several analysts have weighed in on NFLX shares. Piper Sandler decreased their price objective on shares of Netflix from $605.00 to $600.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 21st. UBS Group reaffirmed a “buy” rating and issued a $650.00 price objective on shares of Netflix in a research note on Sunday, April 18th. Stifel Nicolaus raised shares of Netflix from a “hold” rating to a “buy” rating and raised their price objective for the company from $550.00 to $560.00 in a research note on Wednesday, April 21st. Wolfe Research reduced their price objective on shares of Netflix from $640.00 to $630.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 21st. Finally, Canaccord Genuity cut their target price on shares of Netflix from $670.00 to $650.00 and set a “buy” rating on the stock in a report on Wednesday, April 21st. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. Netflix currently has a consensus rating of “Buy” and a consensus target price of $593.82.
Netflix, Inc provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.
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