Cigna Investments Inc. New Has $3.14 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Cigna Investments Inc. New lowered its position in Netflix, Inc. (NASDAQ:NFLX) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,428 shares of the Internet television network’s stock after selling 54 shares during the quarter. Netflix accounts for approximately 0.6% of Cigna Investments Inc. New’s investment portfolio, making the stock its 26th largest position. Cigna Investments Inc. New’s holdings in Netflix were worth $3,141,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. DigitalBridge Group Inc. lifted its holdings in shares of Netflix by 35.5% during the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock worth $24,338,000 after purchasing an additional 9,451 shares during the period. M&G Plc acquired a new position in Netflix during the 1st quarter worth about $9,682,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Netflix by 58.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 82,931 shares of the Internet television network’s stock valued at $55,968,000 after buying an additional 30,511 shares during the last quarter. Forsta AP Fonden raised its position in shares of Netflix by 7.7% during the third quarter. Forsta AP Fonden now owns 121,400 shares of the Internet television network’s stock worth $86,105,000 after acquiring an additional 8,700 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Netflix by 13.9% in the first quarter. Janney Montgomery Scott LLC now owns 60,721 shares of the Internet television network’s stock worth $36,878,000 after acquiring an additional 7,406 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $756.03 on Friday. 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 firm has a market cap of $323.17 billion, a PE ratio of 42.79, a P/E/G ratio of 1.45 and a beta of 1.26. The business has a 50 day moving average of $711.57 and a 200-day moving average of $662.98. Netflix, Inc. has a 12-month low of $404.63 and a 12-month high of $773.00.

Insiders Place Their Bets

In related news, insider David A. Hyman sold 20,656 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $605.13, for a total transaction of $12,499,565.28. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Gregory K. Peters sold 1,278 shares of Netflix stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $614.44, for a total value of $785,254.32. Following the sale, the chief executive officer now owns 13,090 shares of the company’s stock, valued at approximately $8,043,019.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider David A. Hyman sold 20,656 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $605.13, for a total value of $12,499,565.28. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $19,128,159.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 209,810 shares of company stock valued at $142,049,542. Insiders own 1.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on NFLX. BMO Capital Markets reissued an “outperform” rating and set a $825.00 target price (up previously from $770.00) on shares of Netflix in a research report on Friday, October 18th. Piper Sandler reissued an “overweight” rating and set a $840.00 target price (up previously from $800.00) on shares of Netflix in a research note on Friday, October 18th. JPMorgan Chase & Co. upped their price target on shares of Netflix from $750.00 to $850.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Evercore ISI lifted their price objective on Netflix from $750.00 to $775.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Finally, Macquarie restated an “outperform” rating and set a $795.00 target price on shares of Netflix in a research report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $748.15.

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.