TimesSquare Capital Management LLC Has $388,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

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.

Netflix (NASDAQ:NFLX) last issued its earnings results on Monday, April 19th. The Internet television network reported $3.75 EPS for the quarter, beating the consensus estimate of $2.98 by $0.77. The company had revenue of $7.16 billion during the quarter, compared to analysts’ expectations of $7.13 billion. Netflix had a net margin of 14.24% and a return on equity of 34.47%. The business’s revenue for the quarter was up 24.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.57 EPS. On average, sell-side analysts forecast that Netflix, Inc. will post 10.43 EPS for the current fiscal year.

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 Profile

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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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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