Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Libra Wealth LLC

Libra Wealth LLC lessened its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,737 shares of the Internet television network’s stock after selling 23 shares during the period. Netflix accounts for approximately 2.0% of Libra Wealth LLC’s investment portfolio, making the stock its 14th biggest holding. Libra Wealth LLC’s holdings in Netflix were worth $5,114,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC purchased a new position in Netflix in the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares in the last quarter. Decker Retirement Planning Inc. acquired a new stake in Netflix during the fourth quarter valued at approximately $43,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $37,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of Netflix during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Wall Street Analyst Weigh In

NFLX has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Netflix from $850.00 to $960.00 and gave the company a “neutral” rating in a research report on Wednesday, January 22nd. Piper Sandler restated an “overweight” rating and issued a $1,100.00 target price (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Oppenheimer lifted their target price on Netflix from $1,040.00 to $1,150.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Argus lifted their price target on Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Price Performance

NFLX opened at $971.83 on Wednesday. The company has a quick ratio of 1.13, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $542.01 and a 12 month high of $999.00. The company has a fifty day simple moving average of $897.63 and a 200 day simple moving average of $770.43. The stock has a market cap of $415.42 billion, a P/E ratio of 49.01, a P/E/G ratio of 1.53 and a beta of 1.27.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The business had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter in the prior year, the company earned $2.11 EPS. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. On average, research analysts expect that Netflix, Inc. will post 23.72 EPS for the current year.

Insiders Place Their Bets

In other news, Director Richard N. Barton sold 6,364 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jay C. Hoag sold 617 shares of the firm’s stock in a transaction dated 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. In the last 90 days, insiders sold 147,117 shares of company stock worth $123,913,691. Corporate insiders own 1.76% of the company’s stock.

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.