Lion Street Advisors LLC Cuts Holdings in Netflix, Inc. (NASDAQ:NFLX)

Lion Street Advisors LLC lowered its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 655 shares of the Internet television network’s stock after selling 45 shares during the quarter. Lion Street Advisors LLC’s holdings in Netflix were worth $584,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in shares of Netflix during the 3rd quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. boosted its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock valued at $34,000 after buying an additional 42 shares during the period. Newton One Investments LLC bought a new position in shares of Netflix during the fourth quarter valued at about $34,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Netflix in the third quarter worth about $37,000. Finally, FSA Wealth Management LLC bought a new stake in shares of Netflix in the 3rd quarter valued at about $38,000. 80.93% of the stock is owned by institutional investors.

Netflix Price Performance

NFLX opened at $994.87 on Wednesday. The company’s 50-day simple moving average is $909.38 and its two-hundred day simple moving average is $784.44. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,008.00. The stock has a market capitalization of $425.57 billion, a P/E ratio of 50.17, a P/E/G ratio of 2.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating analysts’ consensus estimates 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%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business earned $2.11 EPS. As a group, analysts predict that Netflix, Inc. will post 24.58 EPS for the current year.

Insiders Place Their Bets

In related news, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction on Monday, November 11th. The stock was sold at an average price of $800.19, for a total transaction of $517,722.93. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Anne M. Sweeney sold 589 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $880.00, for a total value of $518,320.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 281,026 shares of company stock valued at $267,211,135. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on NFLX shares. Piper Sandler reaffirmed an “overweight” rating and issued a $1,100.00 price target (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a research report on Thursday, January 23rd. Pivotal Research boosted their price objective on shares of Netflix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Benchmark upgraded shares of Netflix from a “sell” rating to a “hold” rating in a report on Wednesday, January 22nd. Finally, Needham & Company LLC upped their price target on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Ten equities research 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.