Netflix, Inc. (NASDAQ:NFLX) Shares Sold by F M Investments LLC

F M Investments LLC decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,460 shares of the Internet television network’s stock after selling 78 shares during the quarter. Netflix makes up 2.1% of F M Investments LLC’s investment portfolio, making the stock its 14th biggest holding. F M Investments LLC’s holdings in Netflix were worth $3,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in shares of Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after acquiring an additional 2,061,859 shares during the last quarter. Jennison Associates LLC grew its stake in Netflix by 40.6% during the 4th quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after buying an additional 1,573,978 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after buying an additional 392,427 shares during the last quarter. Alecta Tjanstepension Omsesidigt grew its stake in Netflix by 171.4% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after buying an additional 300,000 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in Netflix during the 3rd quarter worth approximately $99,219,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on NFLX shares. Bank of America raised their price target on Netflix from $650.00 to $700.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley raised their price target on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Oppenheimer restated an “outperform” rating and set a $725.00 price target on shares of Netflix in a research note on Friday. Finally, Piper Sandler increased their price objective on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $630.58.

Netflix Price Performance

NASDAQ NFLX traded up $23.15 during mid-day trading on Tuesday, hitting $577.75. The stock had a trading volume of 4,942,177 shares, compared to its average volume of 4,517,395. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00. The company has a market cap of $248.95 billion, a price-to-earnings ratio of 40.09, a P/E/G ratio of 1.49 and a beta of 1.22. The company has a 50 day simple moving average of $606.05 and a 200 day simple moving average of $517.65. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating the consensus estimate of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.28 billion. During the same period last year, the business posted $2.88 EPS. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. Equities analysts forecast that Netflix, Inc. will post 17.13 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the firm’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total transaction of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Gregory K. Peters sold 13,655 shares of Netflix stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total value of $7,425,589.00. Following the completion of the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,118,342. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of Netflix stock in a transaction on Monday, April 1st. The shares were sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $17,091.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 268,335 shares of company stock valued at $151,619,811. Corporate insiders own 2.45% of the company’s stock.

Netflix Profile

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.