Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Boosted by Citizens Financial Group Inc. RI

Citizens Financial Group Inc. RI lifted its position in Netflix, Inc. (NASDAQ:NFLX) by 18.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,274 shares of the Internet television network’s stock after buying an additional 360 shares during the period. Citizens Financial Group Inc. RI’s holdings in Netflix were worth $1,107,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Netflix by 8.4% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,180 shares of the Internet television network’s stock worth $446,000 after purchasing an additional 91 shares in the last quarter. MCF Advisors LLC increased its holdings in shares of Netflix by 10.2% in the third quarter. MCF Advisors LLC now owns 323 shares of the Internet television network’s stock valued at $122,000 after buying an additional 30 shares in the last quarter. Trust Co. of Toledo NA OH increased its holdings in shares of Netflix by 5.1% in the third quarter. Trust Co. of Toledo NA OH now owns 2,574 shares of the Internet television network’s stock valued at $972,000 after buying an additional 124 shares in the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its position in shares of Netflix by 12.5% during the 3rd quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 721 shares of the Internet television network’s stock valued at $272,000 after acquiring an additional 80 shares during the last quarter. Finally, Lantz Financial LLC boosted its stake in shares of Netflix by 5.5% during the 3rd quarter. Lantz Financial LLC now owns 712 shares of the Internet television network’s stock worth $269,000 after acquiring an additional 37 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, insider David A. Hyman sold 267 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $17,575,476.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $561.33, for a total transaction of $38,707,632.81. Following the transaction, the chief executive officer now owns 1,278 shares of the company’s stock, valued at $717,379.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider David A. Hyman sold 267 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,575,476.10. The disclosure for this sale can be found here. Insiders have sold 154,573 shares of company stock worth $89,548,241 in the last quarter. 2.45% of the stock is currently owned by company insiders.

Netflix Stock Down 0.6 %

Shares of NFLX stock opened at $561.23 on Friday. The stock’s 50 day simple moving average is $604.54 and its 200 day simple moving average is $520.48. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07. The company has a market capitalization of $241.83 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 1.37 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.88 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 18.13 EPS for the current year.

Analysts Set New Price Targets

NFLX has been the topic of a number of recent analyst reports. Citigroup boosted their target price on Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research report on Monday, March 25th. Wedbush restated an “outperform” rating and set a $725.00 price objective on shares of Netflix in a report on Friday, April 19th. KeyCorp raised their target price on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a report on Wednesday, March 20th. Bank of America boosted their price target on shares of Netflix from $650.00 to $700.00 and gave the company a “buy” rating in a report on Friday, April 19th. Finally, Piper Sandler upped their price target on shares of Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $630.58.

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.