Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,750 shares of the Internet television network’s stock after selling 22 shares during the period. Netflix makes up approximately 0.8% of Everpar Advisors LLC’s portfolio, making the stock its 25th biggest holding. Everpar Advisors LLC’s holdings in Netflix were worth $1,560,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in NFLX. International Assets Investment Management LLC boosted its position in Netflix by 116,620.0% during the 3rd quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock worth $4,080,522,000 after purchasing an additional 5,748,200 shares during the period. Assenagon Asset Management S.A. boosted its position in shares of Netflix by 154.7% in the third quarter. Assenagon Asset Management S.A. now owns 1,058,431 shares of the Internet television network’s stock worth $750,713,000 after buying an additional 642,920 shares during the period. State Street Corp boosted its position in shares of Netflix by 2.6% in the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after buying an additional 426,740 shares during the period. Jennison Associates LLC grew its stake in shares of Netflix by 4.7% in the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after buying an additional 316,594 shares in the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in shares of Netflix during the 3rd quarter valued at about $222,871,000. Institutional investors and hedge funds own 80.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on NFLX shares. Piper Sandler upped their price target on Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a report on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $950.00 price target (up from $800.00) on shares of Netflix in a report on Monday, November 18th. Citigroup boosted 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. Loop Capital lowered their target price on Netflix from $950.00 to $925.00 and set a “hold” rating for the company in a research note on Thursday. Finally, Benchmark lifted their target price on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, Netflix presently has a consensus rating of “Moderate Buy” and an average target price of $845.06.

Netflix Trading Down 0.7 %

Shares of NASDAQ:NFLX opened at $842.37 on Friday. Netflix, Inc. has a fifty-two week low of $475.26 and a fifty-two week high of $941.75. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.62. The company has a market cap of $360.08 billion, a PE ratio of 47.67, a P/E/G ratio of 1.35 and a beta of 1.27. The company’s 50-day moving average price is $882.41 and its 200 day moving average price is $756.61.

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

Insiders Place Their Bets

In related news, Director Richard N. Barton sold 5,698 shares of Netflix stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $756.00, for a total transaction of $4,307,688.00. Following the sale, the director now directly owns 246 shares in the company, valued at $185,976. The trade was a 95.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Reed Hastings sold 35,868 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $888.08, for a total transaction of $31,853,653.44. Following the completion of the transaction, the chairman now owns 114 shares of the company’s stock, valued at $101,241.12. This represents a 99.68 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is owned by company insiders.

About Netflix

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.