SG Americas Securities LLC Has $10.77 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

SG Americas Securities LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX) by 83.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,081 shares of the Internet television network’s stock after selling 63,162 shares during the period. SG Americas Securities LLC’s holdings in Netflix were worth $10,768,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. Evolution Wealth Advisors LLC lifted its position in Netflix by 13.0% during the 4th quarter. Evolution Wealth Advisors LLC now owns 582 shares of the Internet television network’s stock worth $519,000 after acquiring an additional 67 shares during the last quarter. Albion Financial Group UT increased its stake in shares of Netflix by 622.2% in the fourth quarter. Albion Financial Group UT now owns 65 shares of the Internet television network’s stock worth $58,000 after purchasing an additional 56 shares during the period. Advisory Alpha LLC lifted its position in shares of Netflix by 9.0% during the 4th quarter. Advisory Alpha LLC now owns 2,051 shares of the Internet television network’s stock worth $1,828,000 after purchasing an additional 170 shares during the last quarter. West Branch Capital LLC grew its holdings in Netflix by 46.7% in the 4th quarter. West Branch Capital LLC now owns 2,038 shares of the Internet television network’s stock valued at $1,817,000 after buying an additional 649 shares during the last quarter. Finally, XML Financial LLC increased its position in Netflix by 7.1% in the 4th quarter. XML Financial LLC now owns 330 shares of the Internet television network’s stock worth $294,000 after buying an additional 22 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total transaction of $204,433.89. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction that occurred on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total transaction of $5,596,374.32. Following the completion of the sale, the director now directly owns 246 shares of the company’s stock, valued at $216,327.48. The trade was a 96.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,500 shares of company stock valued at $123,309,210 over the last three months. Company insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on NFLX. Seaport Res Ptn raised Netflix from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 15th. Wedbush restated an “outperform” rating and issued a $1,150.00 price target (up from $950.00) on shares of Netflix in a research report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Netflix from $1,000.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Wednesday. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $715.00 to $900.00 in a research note on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 price target (up previously from $950.00) on shares of Netflix in a report on Wednesday. Ten investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $996.94.

Netflix Price Performance

Shares of NFLX stock opened at $984.86 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 12 month low of $537.07 and a 12 month high of $999.00. The firm has a market cap of $420.99 billion, a price-to-earnings ratio of 49.67, a PEG ratio of 1.41 and a beta of 1.27. The stock has a 50-day moving average price of $889.11 and a 200 day moving average price of $763.41.

Netflix (NASDAQ:NFLX) last posted 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. Netflix had a net margin of 22.34% and a return on equity of 39.48%. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10,141,900 billion. During the same period in the previous year, the firm posted $2.11 earnings per share. Netflix’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts expect that Netflix, Inc. will post 23.43 EPS for the current year.

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.