Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management reduced its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 64.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,773 shares of the Internet television network’s stock after selling 17,977 shares during the period. Picton Mahoney Asset Management’s holdings in Netflix were worth $4,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. KFA Private Wealth Group LLC boosted its position in shares of Netflix by 1.9% in the fourth quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock worth $466,000 after acquiring an additional 18 shares during the last quarter. Addison Advisors LLC raised its stake in Netflix by 7.8% during the fourth quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after purchasing an additional 20 shares during the period. Regent Peak Wealth Advisors LLC raised its stake in Netflix by 1.6% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 21 shares during the period. Capital Advisors Ltd. LLC raised its stake in Netflix by 5.9% during the fourth quarter. Capital Advisors Ltd. LLC now owns 393 shares of the Internet television network’s stock worth $191,000 after purchasing an additional 22 shares during the period. Finally, Centurion Wealth Management LLC raised its stake in Netflix by 2.4% during the fourth quarter. Centurion Wealth Management LLC now owns 984 shares of the Internet television network’s stock worth $479,000 after purchasing an additional 23 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Performance

Shares of NASDAQ:NFLX traded up $3.47 during mid-day trading on Wednesday, reaching $609.47. The company had a trading volume of 3,092,564 shares, compared to its average volume of 4,404,261. The company’s 50-day moving average price is $602.85 and its 200-day moving average price is $531.62. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a one year low of $329.51 and a one year high of $639.00. The firm has a market cap of $262.66 billion, a price-to-earnings ratio of 42.29, a PEG ratio of 1.40 and a beta of 1.23.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The business had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same quarter in the previous year, the firm posted $2.88 EPS. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other news, Director Jay C. Hoag sold 8,866 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $562.85, for a total value of $4,990,228.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Jay C. Hoag sold 8,866 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $562.85, for a total value of $4,990,228.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anne M. Sweeney sold 3,029 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $580.00, for a total transaction of $1,756,820.00. The disclosure for this sale can be found here. Insiders have sold 155,298 shares of company stock valued at $89,753,167 in the last 90 days. 1.76% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Barclays increased their price target on shares of Netflix from $475.00 to $550.00 and gave the stock an “equal weight” rating in a research note on Tuesday, April 9th. Needham & Company LLC raised shares of Netflix from a “hold” rating to a “buy” rating and set a $700.00 target price on the stock in a research note on Friday, April 19th. Redburn Atlantic lifted their price target on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. KeyCorp boosted their target price on shares of Netflix from $580.00 to $705.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 20th. Finally, Piper Sandler upped their price target on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $631.15.

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.