Atlantic Union Bankshares Corp Grows Position in Netflix, Inc. (NASDAQ:NFLX)

Atlantic Union Bankshares Corp boosted its stake in Netflix, Inc. (NASDAQ:NFLX) by 289.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,958 shares of the Internet television network’s stock after purchasing an additional 2,198 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Netflix were worth $1,303,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Baldrige Asset Management LLC lifted its position in Netflix by 156.3% during the first quarter. Baldrige Asset Management LLC now owns 82 shares of the Internet television network’s stock valued at $28,000 after buying an additional 50 shares in the last quarter. Tanglewood Legacy Advisors LLC acquired a new position in Netflix during the fourth quarter valued at approximately $29,000. Barrett & Company Inc. bought a new position in shares of Netflix during the first quarter worth about $29,000. Manchester Capital Management LLC grew its position in shares of Netflix by 8,700.0% during the first quarter. Manchester Capital Management LLC now owns 88 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 87 shares during the last quarter. Finally, Retirement Group LLC grew its position in shares of Netflix by 52.6% during the first quarter. Retirement Group LLC now owns 87 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 30 shares during the last quarter. 79.95% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, Director Richard N. Barton sold 500 shares of Netflix stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $443.07, for a total value of $221,535.00. Following the completion of the sale, the director now directly owns 152 shares in the company, valued at $67,346.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Reed Hastings sold 17,969 shares of Netflix stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $440.60, for a total value of $7,917,141.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard N. Barton sold 500 shares of Netflix stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $443.07, for a total transaction of $221,535.00. Following the completion of the transaction, the director now directly owns 152 shares in the company, valued at approximately $67,346.64. The disclosure for this sale can be found here. Insiders sold 125,377 shares of company stock worth $54,547,674 over the last ninety days. 2.45% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Piper Sandler upped their price target on shares of Netflix from $350.00 to $440.00 in a research report on Thursday, July 20th. Pivotal Research increased their target price on shares of Netflix from $535.00 to $600.00 in a research report on Thursday, July 20th. The Goldman Sachs Group upgraded shares of Netflix from a “sell” rating to a “neutral” rating and increased their target price for the company from $230.00 to $400.00 in a research report on Wednesday, July 5th. Morgan Stanley reiterated an “equal weight” rating and issued a $450.00 target price on shares of Netflix in a research report on Thursday, July 20th. Finally, Truist Financial reiterated a “hold” rating and issued a $485.00 target price on shares of Netflix in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $431.44.

Netflix Stock Performance

NFLX stock opened at $394.40 on Tuesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.33 and a current ratio of 1.33. The stock has a market cap of $174.78 billion, a P/E ratio of 42.00, a P/E/G ratio of 1.32 and a beta of 1.29. The firm has a 50 day simple moving average of $430.91 and a 200 day simple moving average of $384.60. Netflix, Inc. has a 52 week low of $211.73 and a 52 week high of $485.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Wednesday, July 19th. The Internet television network reported $3.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.85 by $0.44. The firm had revenue of $8.19 billion during the quarter, compared to analysts’ expectations of $8.29 billion. Netflix had a net margin of 13.22% and a return on equity of 19.76%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $3.20 earnings per share. Research analysts anticipate that Netflix, Inc. will post 11.92 earnings per share for the current fiscal year.

Netflix Company Profile

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.