Impax Asset Management Group plc Reduces Stake in Netflix, Inc. (NASDAQ:NFLX)

Impax Asset Management Group plc cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 15.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,622 shares of the Internet television network’s stock after selling 2,537 shares during the period. Impax Asset Management Group plc’s holdings in Netflix were worth $12,142,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NFLX. Enzi Wealth increased its position in Netflix by 3.4% during the 4th quarter. Enzi Wealth now owns 331 shares of the Internet television network’s stock valued at $316,000 after purchasing an additional 11 shares during the period. TCI Wealth Advisors Inc. boosted its stake in shares of Netflix by 1.6% during the 4th quarter. TCI Wealth Advisors Inc. now owns 700 shares of the Internet television network’s stock valued at $624,000 after purchasing an additional 11 shares in the last quarter. Blossom Wealth Management boosted its stake in shares of Netflix by 0.9% during the 4th quarter. Blossom Wealth Management now owns 1,248 shares of the Internet television network’s stock valued at $1,112,000 after purchasing an additional 11 shares in the last quarter. Everett Harris & Co. CA increased its position in shares of Netflix by 1.3% during the fourth quarter. Everett Harris & Co. CA now owns 870 shares of the Internet television network’s stock valued at $775,000 after buying an additional 11 shares during the period. Finally, Beacon Financial Advisory LLC raised its stake in Netflix by 0.9% in the fourth quarter. Beacon Financial Advisory LLC now owns 1,285 shares of the Internet television network’s stock worth $1,145,000 after buying an additional 11 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling at Netflix

In other news, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total transaction of $2,835,138.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $978.41, for a total value of $9,784,100.00. Following the sale, the chief financial officer now directly owns 3,691 shares of the company’s stock, valued at $3,611,311.31. This represents a 73.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 303,220 shares of company stock worth $289,856,164 in the last three months. 1.76% of the stock is currently owned by company insiders.

Netflix Trading Down 1.5 %

NASDAQ:NFLX opened at $988.47 on Tuesday. The company has a market cap of $422.82 billion, a PE ratio of 49.85, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a 50 day simple moving average of $941.89 and a two-hundred day simple moving average of $823.89. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $1,064.50.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 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 during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the previous year, the company posted $2.11 earnings per share. Netflix’s revenue was up 16.0% compared to the same quarter last year. Research analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on NFLX. Needham & Company LLC upped their target price on Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 price target (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Arete Research raised Netflix to a “hold” rating in a research report on Thursday, January 23rd. Sanford C. Bernstein raised shares of Netflix from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $975.00 to $1,200.00 in a research report on Friday, January 24th. Finally, Bank of America lifted their price target on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten equities research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

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.