USA Financial Formulas Has $1.26 Million Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

USA Financial Formulas decreased its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 27.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,411 shares of the Internet television network’s stock after selling 526 shares during the period. Netflix comprises 0.2% of USA Financial Formulas’ holdings, making the stock its 29th largest holding. USA Financial Formulas’ holdings in Netflix were worth $1,258,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NFLX. Advisory Resource Group raised its position in Netflix by 0.7% during the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock valued at $1,238,000 after acquiring an additional 12 shares in the last quarter. Insight Wealth Strategies LLC grew its position in Netflix by 1.9% in the fourth quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock worth $585,000 after acquiring an additional 12 shares in the last quarter. Sunflower Bank N.A. raised its holdings in shares of Netflix by 2.1% during the 4th quarter. Sunflower Bank N.A. now owns 575 shares of the Internet television network’s stock valued at $513,000 after purchasing an additional 12 shares in the last quarter. New World Advisors LLC lifted its stake in shares of Netflix by 2.0% in the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after purchasing an additional 14 shares during the last quarter. Finally, Heartland Bank & Trust Co lifted its stake in shares of Netflix by 0.9% in the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock valued at $1,195,000 after purchasing an additional 15 shares during the last quarter. 80.93% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on NFLX shares. Canaccord Genuity Group boosted their price target on Netflix from $760.00 to $940.00 and gave the stock a “hold” rating in a research report on Monday, December 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Netflix from $590.00 to $650.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. The Goldman Sachs Group raised their price target on Netflix from $750.00 to $850.00 and gave the company a “neutral” rating in a research report on Wednesday, January 8th. Benchmark boosted their price objective on Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Finally, Piper Sandler increased their target price on Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, Netflix has a consensus rating of “Moderate Buy” and a consensus price target of $845.82.

Insider Activity

In other news, Chairman Reed Hastings sold 48,363 shares of the stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $896.60, for a total transaction of $43,362,265.80. Following the sale, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Leslie J. Kilgore sold 358 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $765.00, for a total transaction of $273,870.00. Following the completion of the sale, the director now directly owns 35,262 shares of the company’s stock, valued at approximately $26,975,430. This represents a 1.01 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 156,742 shares of company stock worth $131,030,268. 1.76% of the stock is owned by corporate insiders.

Netflix Stock Performance

NASDAQ:NFLX opened at $848.26 on Thursday. The stock has a market capitalization of $362.60 billion, a P/E ratio of 48.01, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a 1 year low of $475.26 and a 1 year high of $941.75. The firm has a 50 day moving average of $881.04 and a 200-day moving average of $755.96.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings data on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a return on equity of 35.86% and a net margin of 20.70%. As a group, sell-side analysts anticipate that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

About Netflix

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.