Bellecapital International Ltd. Has $4.01 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Bellecapital International Ltd. cut its position in Netflix, Inc. (NASDAQ:NFLXFree Report) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,243 shares of the Internet television network’s stock after selling 165 shares during the period. Bellecapital International Ltd.’s holdings in Netflix were worth $4,013,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Authentikos Wealth Advisory LLC acquired a new stake in Netflix in the third quarter worth $25,000. Spartan Planning & Wealth Management bought a new stake in shares of Netflix during the third quarter worth $26,000. Carmel Capital Partners LLC increased its position in shares of Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares in the last quarter. Evermay Wealth Management LLC increased its position in shares of Netflix by 94.9% during the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after acquiring an additional 56 shares in the last quarter. Finally, Pacifica Partners Inc. bought a new stake in shares of Netflix during the fourth quarter worth $41,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Netflix Trading Down 1.0 %

Shares of Netflix stock opened at $607.33 on Monday. The firm has a market capitalization of $262.83 billion, a PE ratio of 50.57, a price-to-earnings-growth ratio of 1.65 and a beta of 1.22. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The firm’s 50 day moving average is $586.74 and its 200 day moving average is $490.04. Netflix, Inc. has a 1 year low of $315.62 and a 1 year high of $634.39.

Netflix (NASDAQ:NFLXGet Free Report) last posted its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing analysts’ consensus estimates of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The business had revenue of $8.83 billion for the quarter, compared to the consensus estimate of $8.72 billion. During the same period in the previous year, the firm earned $0.12 earnings per share. The company’s revenue was up 12.5% compared to the same quarter last year. Equities research analysts forecast that Netflix, Inc. will post 17.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the sale, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at approximately $8,181,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total value of $3,345,000.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $8,181,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $17,003,651.20. The disclosure for this sale can be found here. Insiders have sold 273,767 shares of company stock valued at $151,298,232 in the last ninety days. 2.45% of the stock is currently owned by insiders.

Analysts Set New Price Targets

NFLX has been the subject of several research reports. Benchmark increased their price objective on shares of Netflix from $350.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, January 19th. Piper Sandler raised their target price on shares of Netflix from $475.00 to $550.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Barclays raised their target price on shares of Netflix from $375.00 to $475.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 24th. Redburn Atlantic lifted their price objective on shares of Netflix from $550.00 to $610.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Finally, DZ Bank upgraded shares of Netflix from a “hold” rating to a “buy” rating and set a $600.00 target price for the company in a research note on Thursday, January 25th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $583.18.

View Our Latest Research Report on NFLX

About Netflix

(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

Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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