Slow Capital Inc. Sells 819 Shares of Netflix, Inc. (NASDAQ:NFLX)

Slow Capital Inc. lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 2.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 29,201 shares of the Internet television network’s stock after selling 819 shares during the period. Netflix comprises approximately 3.7% of Slow Capital Inc.’s investment portfolio, making the stock its 6th biggest position. Slow Capital Inc.’s holdings in Netflix were worth $26,027,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of NFLX. Nordea Investment Management AB increased its stake in Netflix by 22.7% during the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after buying an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock valued at $1,829,494,000 after acquiring an additional 29,726 shares in the last quarter. Natixis Advisors LLC raised its holdings in Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after acquiring an additional 11,921 shares during the last quarter. M&T Bank Corp lifted its stake in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after purchasing an additional 1,684 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new position in shares of Netflix during the 3rd quarter worth approximately $1,517,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Arete Research raised Netflix to a “hold” rating in a report on Thursday, January 23rd. Pivotal Research lifted their price target on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. The Goldman Sachs Group upped their price objective on shares of Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a report on Wednesday, January 22nd. Needham & Company LLC lifted their target price on shares of Netflix from $800.00 to $1,150.00 and gave the stock a “buy” rating in a research note on Wednesday, January 22nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research note on Wednesday, January 22nd. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Netflix presently has an average rating of “Moderate Buy” and a consensus target price of $1,021.70.

Netflix Price Performance

NFLX stock opened at $971.89 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.13 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $415.44 billion, a P/E ratio of 49.01, a PEG ratio of 1.53 and a beta of 1.27. The business has a 50 day simple moving average of $895.13 and a 200-day simple moving average of $768.18. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $999.00.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10,141,900 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.11 EPS. As a group, equities analysts anticipate that Netflix, Inc. will post 23.72 EPS for the current year.

Insider Buying and Selling

In related news, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $757.96, for a total value of $8,405,776.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jay C. Hoag sold 617 shares of Netflix stock in a transaction that occurred on Thursday, January 23rd. The shares were sold at an average price of $979.71, for a total value of $604,481.07. The disclosure for this sale can be found here. Insiders have sold a total of 147,117 shares of company stock valued at $123,913,691 over the last quarter. 1.76% of the stock is currently owned by insiders.

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.