Jag Capital Management LLC Decreases Stake in Netflix, Inc. (NASDAQ:NFLX)

Jag Capital Management LLC lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 24.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 25,766 shares of the Internet television network’s stock after selling 8,345 shares during the period. Netflix comprises approximately 3.2% of Jag Capital Management LLC’s investment portfolio, making the stock its 7th largest position. Jag Capital Management LLC’s holdings in Netflix were worth $22,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of NFLX. RPg Family Wealth Advisory LLC purchased a new stake in shares of Netflix during the third quarter valued at approximately $25,000. Pathway Financial Advisers LLC grew its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after acquiring an additional 14 shares during the last quarter. Newton One Investments LLC purchased a new stake in shares of Netflix during the fourth quarter valued at $34,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Netflix during the third quarter valued at $37,000. Finally, Pineridge Advisors LLC boosted its position in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock valued at $37,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 0.7 %

Netflix stock opened at $973.70 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The firm has a market cap of $416.51 billion, a price-to-earnings ratio of 49.10, a price-to-earnings-growth ratio of 2.12 and a beta of 1.27. Netflix, Inc. has a 1 year low of $542.01 and a 1 year high of $1,064.50. The firm’s 50 day moving average price is $948.96 and its two-hundred day moving average price is $835.48.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. Netflix’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.11 EPS. On average, research analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $1,000.00, for a total value of $160,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the sale, the chief executive officer now directly owns 12,950 shares in the company, valued at $12,700,583. This represents a 88.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,017 shares of company stock valued at $246,653,898. 1.76% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Arete Research raised Netflix to a “hold” rating in a research report on Thursday, January 23rd. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 price objective on the stock in a research note on Thursday, January 23rd. Guggenheim boosted their price objective on Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Citigroup lifted their target price on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, December 5th. Finally, Loop Capital boosted their price target on Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Ten research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and an average price target of $1,021.70.

Netflix 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.