Moody Lynn & Lieberson LLC Raises Holdings in Netflix, Inc. (NASDAQ:NFLX)

Moody Lynn & Lieberson LLC boosted its position in Netflix, Inc. (NASDAQ:NFLX) by 0.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,712 shares of the Internet television network’s stock after acquiring an additional 324 shares during the period. Netflix accounts for approximately 2.0% of Moody Lynn & Lieberson LLC’s portfolio, making the stock its 15th largest holding. Moody Lynn & Lieberson LLC’s holdings in Netflix were worth $31,831,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Netflix during the third quarter valued at about $25,000. E Fund Management Hong Kong Co. Ltd. increased its holdings 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 stake in Netflix in the 3rd quarter worth approximately $37,000. FSA Wealth Management LLC purchased a new position in shares of Netflix during the 3rd quarter valued at $38,000. Finally, First Personal Financial Services bought a new position in shares of Netflix in the third quarter worth $40,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Price Performance

NFLX opened at $977.59 on Friday. The company’s 50-day simple moving average is $895.13 and its two-hundred day simple moving average is $766.98. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.13 and a current ratio of 1.22. The stock has a market capitalization of $417.88 billion, a P/E ratio of 49.30, a P/E/G ratio of 1.53 and a beta of 1.27. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $999.00.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wells Fargo & Company raised their price target on Netflix from $758.00 to $797.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Barclays upgraded shares of Netflix from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $715.00 to $900.00 in a research report on Wednesday. Citigroup lifted their price objective on shares of Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, December 5th. Piper Sandler reissued an “overweight” rating and issued a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a research note on Wednesday. Finally, Sanford C. Bernstein raised Netflix from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $975.00 to $1,200.00 in a research note on Friday. Nine research 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 MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average target price of $1,021.70.

Insider Buying and Selling

In other news, insider David A. Hyman sold 267 shares of Netflix stock in a transaction 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 in the company, valued at $24,202,828.70. This trade represents a 0.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 41,601 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $758.06, for a total value of $31,536,054.06. Following the sale, the chairman now directly owns 85 shares of the company’s stock, valued at $64,435.10. This represents a 99.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 147,117 shares of company stock valued at $123,913,691 over the last 90 days. Company 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.