Netflix, Inc. (NASDAQ:NFLX) Stock Position Lowered by Northside Capital Management LLC

Northside Capital Management LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.9% during the 4th quarter, HoldingsChannel reports. The firm owned 615 shares of the Internet television network’s stock after selling 25 shares during the quarter. Northside Capital Management LLC’s holdings in Netflix were worth $548,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NFLX. RPg Family Wealth Advisory LLC purchased a new position in shares of Netflix during the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the period. MidAtlantic Capital Management Inc. purchased a new position in Netflix during the 3rd quarter valued at about $37,000. FSA Wealth Management LLC acquired a new position in shares of Netflix in the 3rd quarter valued at about $38,000. Finally, First Personal Financial Services acquired a new stake in shares of Netflix during the third quarter worth approximately $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. UBS Group upped their price objective on shares of Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Guggenheim upped their price target on shares of Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a research note on Monday. Piper Sandler boosted their target price on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research note on Tuesday. Morgan Stanley raised their price target on Netflix from $820.00 to $830.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Finally, Needham & Company LLC boosted their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $845.82.

Netflix Stock Up 2.4 %

NFLX opened at $848.26 on Thursday. The company has a market capitalization of $362.60 billion, a P/E ratio of 48.01, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The firm’s fifty day moving average price is $881.04 and its two-hundred day moving average price is $755.96. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The company had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Insiders Place Their Bets

In related news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,186 shares of the business’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. This trade represents a 24.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 156,742 shares of company stock worth $131,030,268 over the last quarter. Company insiders own 1.76% of the company’s stock.

About Netflix

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.