Gobi Capital LLC lowered its stake in Netflix, Inc. (NASDAQ:NFLX – Free Report) by 13.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 497,069 shares of the Internet television network’s stock after selling 74,900 shares during the quarter. Netflix makes up approximately 12.3% of Gobi Capital LLC’s investment portfolio, making the stock its 4th largest position. Gobi Capital LLC’s holdings in Netflix were worth $171,727,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of NFLX. Mizuho Markets Americas LLC grew its position in shares of Netflix by 11,985.6% in the 1st quarter. Mizuho Markets Americas LLC now owns 7,000,000 shares of the Internet television network’s stock valued at $56,700,000 after acquiring an additional 6,942,080 shares during the period. Norges Bank acquired a new stake in Netflix in the 4th quarter valued at about $1,501,762,000. Moneta Group Investment Advisors LLC grew its holdings in Netflix by 117,939.1% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 2,742,048 shares of the Internet television network’s stock worth $808,575,000 after purchasing an additional 2,739,725 shares during the period. Price T Rowe Associates Inc. MD increased its position in Netflix by 16.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,244,508 shares of the Internet television network’s stock worth $3,905,540,000 after buying an additional 1,839,366 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new stake in Netflix in the first quarter valued at approximately $405,248,000. Institutional investors own 79.95% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on NFLX. Rosenblatt Securities lifted their target price on Netflix from $358.00 to $400.00 and gave the stock a “neutral” rating in a research note on Thursday, July 20th. Needham & Company LLC reaffirmed a “hold” rating on shares of Netflix in a research report on Wednesday, July 26th. Truist Financial increased their price objective on shares of Netflix from $339.00 to $485.00 and gave the company a “hold” rating in a research report on Tuesday, August 29th. StockNews.com initiated coverage on shares of Netflix in a research note on Thursday, August 17th. They set a “hold” rating for the company. Finally, Evercore ISI upped their price target on shares of Netflix from $400.00 to $550.00 and gave the company an “outperform” rating in a research note on Thursday, July 20th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $432.91.
View Our Latest Analysis on NFLX
Insider Buying and Selling
In other Netflix news, Director Timothy M. Haley sold 1,022 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $450.19, for a total transaction of $460,094.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Netflix news, Director Timothy M. Haley sold 1,022 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $450.19, for a total transaction of $460,094.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Reed Hastings sold 17,969 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $440.60, for a total transaction of $7,917,141.40. The disclosure for this sale can be found here. Insiders sold a total of 124,877 shares of company stock worth $54,326,139 in the last three months. 2.45% of the stock is owned by corporate insiders.
Netflix Price Performance
Shares of NFLX stock traded up $3.92 during trading hours on Monday, reaching $446.72. The company’s stock had a trading volume of 2,048,117 shares, compared to its average volume of 6,975,087. Netflix, Inc. has a fifty-two week low of $211.73 and a fifty-two week high of $485.00. The firm’s 50 day simple moving average is $433.23 and its 200-day simple moving average is $381.15. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $197.96 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 1.47 and a beta of 1.29.
Netflix (NASDAQ:NFLX – Get Free Report) last released its quarterly earnings data on Wednesday, July 19th. The Internet television network reported $3.29 earnings per share for the quarter, beating the consensus estimate of $2.85 by $0.44. The business had revenue of $8.19 billion for the quarter, compared to analyst estimates of $8.29 billion. Netflix had a return on equity of 19.76% and a net margin of 13.22%. Netflix’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the firm posted $3.20 earnings per share. Sell-side analysts forecast that Netflix, Inc. will post 11.92 earnings per share for the current year.
Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games 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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