Netflix, Inc. (NASDAQ:NFLX) Position Boosted by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC lifted its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 30.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 91 shares of the Internet television network’s stock after purchasing an additional 21 shares during the period. Mascoma Wealth Management LLC’s holdings in Netflix were worth $81,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Nordea Investment Management AB lifted its position in shares of Netflix by 22.7% during the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock worth $760,918,000 after purchasing an additional 156,958 shares during the last quarter. Haven Private LLC bought a new position in shares of Netflix during the fourth quarter worth about $733,000. Charles Schwab Investment Management Inc. lifted its position in shares of Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Sigma Planning Corp lifted its holdings in Netflix by 7.4% in the fourth quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after acquiring an additional 386 shares during the last quarter. Finally, Natixis Advisors LLC lifted its holdings in Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after acquiring an additional 11,921 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 35,868 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total value of $31,853,653.44. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at approximately $101,241.12. This trade represents a 99.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider David A. Hyman sold 41,121 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the completion of the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at $30,946,506.10. This represents a 56.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 288,103 shares of company stock worth $279,142,041. Corporate insiders own 1.76% of the company’s stock.

Netflix Trading Up 2.7 %

Shares of NASDAQ:NFLX opened at $919.68 on Thursday. The stock has a market capitalization of $393.40 billion, a price-to-earnings ratio of 46.38, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. 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 company has a 50 day moving average price of $950.23 and a 200 day moving average price of $845.78.

Netflix (NASDAQ:NFLX) last issued its 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. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm posted $2.11 earnings per share. On average, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on NFLX shares. Argus raised their target price on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. 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 report on Wednesday, January 22nd. The Goldman Sachs Group raised their target price on shares of Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Canaccord Genuity Group raised shares of Netflix from a “hold” rating to a “buy” rating and raised their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, StockNews.com cut shares of Netflix from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. Ten investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix has an average rating of “Moderate Buy” and a consensus price target of $1,014.26.

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.