Netflix, Inc. (NASDAQ:NFLX) Stake Lowered by DMC Group LLC

DMC Group LLC decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,949 shares of the Internet television network’s stock after selling 37 shares during the period. Netflix accounts for 1.4% of DMC Group LLC’s portfolio, making the stock its 12th largest position. DMC Group LLC’s holdings in Netflix were worth $1,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Abel Hall LLC lifted its stake in Netflix by 4.3% in the fourth quarter. Abel Hall LLC now owns 608 shares of the Internet television network’s stock valued at $542,000 after buying an additional 25 shares during the last quarter. Enzi Wealth increased its holdings in shares of Netflix by 3.4% in the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock worth $316,000 after acquiring an additional 11 shares during the period. Strategic Planning Group LLC lifted its position in Netflix by 1.3% in the 4th quarter. Strategic Planning Group LLC now owns 18,205 shares of the Internet television network’s stock valued at $16,227,000 after purchasing an additional 226 shares during the last quarter. Hanson & Doremus Investment Management boosted its stake in Netflix by 17.0% during the 4th quarter. Hanson & Doremus Investment Management now owns 200 shares of the Internet television network’s stock valued at $178,000 after purchasing an additional 29 shares during the period. Finally, Foster & Motley Inc. bought a new position in Netflix in the 4th quarter worth about $226,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Morgan Stanley boosted their price objective on Netflix from $1,050.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. TD Cowen boosted their price target on Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Citigroup raised their price target on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Sanford C. Bernstein upgraded shares of Netflix from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $975.00 to $1,200.00 in a research note on Friday, January 24th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $1,175.00 target price (up previously from $1,000.00) on shares of Netflix in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Netflix currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Insider Activity at Netflix

In other news, Chairman Reed Hastings sold 48,363 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares in the company, valued at approximately $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Theodore A. Sarandos sold 1,278 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $767.05, for a total value of $980,289.90. Following the completion of the transaction, the chief executive officer now directly owns 2,556 shares of the company’s stock, valued at approximately $1,960,579.80. This trade represents a 33.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 147,117 shares of company stock valued at $123,913,691. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.7 %

Netflix stock opened at $978.94 on Thursday. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The stock has a market cap of $418.46 billion, a P/E ratio of 49.37, a P/E/G ratio of 1.53 and a beta of 1.27. The company’s fifty day simple moving average is $899.64 and its 200-day simple moving average is $772.71.

Netflix (NASDAQ:NFLX) last issued its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share 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 analyst estimates of $10.14 billion. During the same period in the prior year, the firm posted $2.11 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Netflix, Inc. will post 23.72 EPS for the current fiscal year.

Netflix Company 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.