Integrated Investment Consultants LLC Decreases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Integrated Investment Consultants LLC cut its stake in shares of Netflix, Inc. (NASDAQ:NFLXFree Report) by 7.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 334 shares of the Internet television network’s stock after selling 27 shares during the period. Integrated Investment Consultants LLC’s holdings in Netflix were worth $298,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. ProVise Management Group LLC grew its position in shares of Netflix by 29.3% during the 2nd quarter. ProVise Management Group LLC now owns 508 shares of the Internet television network’s stock valued at $343,000 after acquiring an additional 115 shares during the period. Benjamin F. Edwards & Company Inc. grew its position in shares of Netflix by 9.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 9,227 shares of the Internet television network’s stock valued at $6,228,000 after acquiring an additional 766 shares during the period. AE Wealth Management LLC grew its position in shares of Netflix by 24.3% during the 2nd quarter. AE Wealth Management LLC now owns 10,466 shares of the Internet television network’s stock valued at $7,063,000 after acquiring an additional 2,044 shares during the period. Pacer Advisors Inc. grew its position in shares of Netflix by 17.7% during the 2nd quarter. Pacer Advisors Inc. now owns 64,556 shares of the Internet television network’s stock valued at $43,568,000 after acquiring an additional 9,700 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in shares of Netflix by 26.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 65,928 shares of the Internet television network’s stock valued at $44,493,000 after acquiring an additional 13,848 shares during the period. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Netflix Stock Up 1.9 %

Shares of NASDAQ NFLX opened at $858.10 on Friday. The firm’s 50-day moving average price is $884.58 and its 200-day moving average price is $758.48. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a P/E/G ratio of 1.35 and a beta of 1.27. Netflix, Inc. has a 12-month low of $476.06 and a 12-month high of $941.75.

Netflix (NASDAQ:NFLXGet Free Report) last posted its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share for the quarter, topping analysts’ consensus estimates of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion for the quarter, compared to analyst estimates of $9.77 billion. On average, equities research analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Analysts Set New Price Targets

NFLX has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of Netflix from $820.00 to $830.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Jefferies Financial Group upped their target price on shares of Netflix from $780.00 to $800.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Evercore ISI upped their target price on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, December 2nd. Guggenheim upped their target price on shares of Netflix from $825.00 to $950.00 and gave the stock a “buy” rating in a report on Monday, January 13th. Finally, Piper Sandler upped their target price on shares of Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $845.06.

Read Our Latest Stock Analysis on NFLX

Insider Buying and Selling

In related news, insider David A. Hyman sold 267 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $765.67, for a total value of $204,433.89. Following the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at $24,202,828.70. This represents a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares in the company, valued at $102,212.40. This trade represents a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 152,198 shares of company stock valued at $127,616,898 in the last ninety days. 1.76% of the stock is owned by company insiders.

Netflix Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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