Everence Capital Management Inc. Has $10.29 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

Everence Capital Management Inc. lessened its holdings in Netflix, Inc. (NASDAQ:NFLX) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,540 shares of the Internet television network’s stock after selling 430 shares during the period. Netflix accounts for about 0.7% of Everence Capital Management Inc.’s investment portfolio, making the stock its 23rd biggest holding. Everence Capital Management Inc.’s holdings in Netflix were worth $10,286,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of NFLX. DigitalBridge Group Inc. grew its holdings in Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Netflix by 1.2% during the 3rd 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 buying an additional 29,726 shares during the period. Natixis Advisors LLC grew its stake in Netflix by 2.0% in the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after buying an additional 11,921 shares during the last quarter. M&T Bank Corp raised its holdings in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after acquiring an additional 1,684 shares during the period. Finally, Kestra Investment Management LLC acquired a new position in Netflix during the 3rd quarter worth $1,517,000. 80.93% of the stock is currently owned by institutional investors.

Netflix Trading Up 0.2 %

Shares of NASDAQ NFLX traded up $1.67 during midday trading on Friday, hitting $888.40. The stock had a trading volume of 890,355 shares, compared to its average volume of 1,543,210. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a fifty-two week low of $466.53 and a fifty-two week high of $941.75. The firm has a market cap of $379.75 billion, a P/E ratio of 50.28, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. The company’s 50-day simple moving average is $864.05 and its 200 day simple moving average is $744.71.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. Research analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analyst Weigh In

NFLX has been the topic of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $950.00 price objective (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. Bank of America upped their price target on Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Guggenheim raised their price objective on shares of Netflix from $810.00 to $825.00 and gave the stock a “buy” rating in a research note on Tuesday, October 29th. Benchmark boosted their target price on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday. Finally, Oppenheimer increased their price target on shares of Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $813.00.

Insider Transactions at Netflix

In other news, Director Leslie J. Kilgore sold 383 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $730.00, for a total value of $279,590.00. Following the completion of the sale, the director now directly owns 35,262 shares of the company’s stock, valued at $25,741,260. This represents a 1.07 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 589 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $880.00, for a total transaction of $518,320.00. The disclosure for this sale can be found here. Insiders sold a total of 114,893 shares of company stock worth $93,859,830 in the last quarter. 1.76% of the stock is owned by company insiders.

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.