Interchange Capital Partners LLC Sells 21 Shares of Netflix, Inc. (NASDAQ:NFLX)

Interchange Capital Partners LLC lessened its position in Netflix, Inc. (NASDAQ:NFLX) by 2.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 811 shares of the Internet television network’s stock after selling 21 shares during the quarter. Interchange Capital Partners LLC’s holdings in Netflix were worth $423,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the stock. Centennial Wealth Advisory LLC purchased a new stake in Netflix during the 4th quarter valued at about $309,000. Forte Capital LLC ADV lifted its position in Netflix by 2.5% during the fourth quarter. Forte Capital LLC ADV now owns 2,113 shares of the Internet television network’s stock valued at $1,143,000 after purchasing an additional 52 shares during the period. Appleton Partners Inc. MA boosted its holdings in Netflix by 0.4% in the fourth quarter. Appleton Partners Inc. MA now owns 10,956 shares of the Internet television network’s stock worth $5,924,000 after purchasing an additional 41 shares during the last quarter. BLB&B Advisors LLC raised its stake in Netflix by 26.1% during the 4th quarter. BLB&B Advisors LLC now owns 725 shares of the Internet television network’s stock valued at $392,000 after buying an additional 150 shares during the last quarter. Finally, Game Plan Financial Advisors LLC purchased a new stake in Netflix during the 4th quarter valued at $318,000. 79.71% of the stock is currently owned by institutional investors.

In related news, Director Jay C. Hoag sold 2,639 shares of the firm’s stock in a transaction that occurred on Tuesday, May 11th. The stock was sold at an average price of $491.30, for a total value of $1,296,540.70. Following the completion of the transaction, the director now directly owns 1,309 shares of the company’s stock, valued at approximately $643,111.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.40% of the stock is owned by insiders.

A number of analysts recently commented on the company. Wolfe Research reduced their price objective on Netflix from $640.00 to $630.00 and set an “outperform” rating for the company in a research report on Wednesday, April 21st. Wells Fargo & Company upgraded shares of Netflix from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $510.00 to $700.00 in a research report on Wednesday, January 20th. Stifel Nicolaus raised shares of Netflix from a “hold” rating to a “buy” rating and boosted their price objective for the company from $550.00 to $560.00 in a research report on Tuesday, April 27th. Truist lowered their target price on Netflix from $630.00 to $600.00 in a research report on Wednesday, April 21st. Finally, Macquarie reduced their price target on Netflix from $600.00 to $525.00 and set a “neutral” rating for the company in a research report on Tuesday, April 27th. Four research analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $590.90.

NASDAQ:NFLX opened at $488.94 on Tuesday. Netflix, Inc. has a 12-month low of $397.86 and a 12-month high of $593.29. The firm has a market cap of $216.80 billion, a P/E ratio of 78.86, a PEG ratio of 1.86 and a beta of 0.92. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.50. The stock’s 50 day simple moving average is $521.32 and its 200-day simple moving average is $519.14.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Monday, April 19th. The Internet television network reported $3.75 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.98 by $0.77. The firm had revenue of $7.16 billion for the quarter, compared to analyst estimates of $7.13 billion. Netflix had a return on equity of 31.48% and a net margin of 11.78%. Netflix’s quarterly revenue was up 24.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.57 earnings per share. Research analysts forecast that Netflix, Inc. will post 6.27 EPS for the current fiscal year.

Netflix Profile

Netflix, Inc provides entertainment services. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected devices, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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