SignalPoint Asset Management LLC Sells 152 Shares of Netflix, Inc. (NASDAQ:NFLX)

SignalPoint Asset Management LLC decreased its position in Netflix, Inc. (NASDAQ:NFLX) by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 757 shares of the Internet television network’s stock after selling 152 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Netflix were worth $675,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp grew its stake in shares of Netflix by 2.6% in the 3rd quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock worth $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Geode Capital Management LLC grew its position in Netflix by 1.4% during the third quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock valued at $6,464,736,000 after buying an additional 123,029 shares during the period. Jennison Associates LLC grew its position in Netflix by 4.7% during the third quarter. Jennison Associates LLC now owns 6,990,874 shares of the Internet television network’s stock valued at $4,958,417,000 after buying an additional 316,594 shares during the period. International Assets Investment Management LLC grew its position in Netflix by 116,620.0% during the third quarter. International Assets Investment Management LLC now owns 5,753,129 shares of the Internet television network’s stock valued at $4,080,522,000 after buying an additional 5,748,200 shares during the period. Finally, Wellington Management Group LLP grew its position in Netflix by 0.5% during the third quarter. Wellington Management Group LLP now owns 4,897,389 shares of the Internet television network’s stock valued at $3,473,571,000 after buying an additional 23,702 shares during the period. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Up 2.4 %

Shares of NFLX opened at $848.26 on Thursday. The firm’s 50 day simple moving average is $881.04 and its 200 day simple moving average is $755.96. The company has a market capitalization of $362.60 billion, a P/E ratio of 48.01, a P/E/G ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. Netflix, Inc. has a 1-year low of $475.26 and a 1-year high of $941.75.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating 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 business had revenue of $9.82 billion for the quarter, compared to analysts’ expectations of $9.77 billion. Sell-side analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $9,817,500. This trade represents a 24.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction, the chairman now owns 114 shares in the company, valued at $102,212.40. The trade was a 99.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock worth $131,030,268 over the last ninety days. Insiders own 1.76% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wolfe Research restated an “outperform” rating on shares of Netflix in a research report on Friday, October 18th. Argus increased their price target on shares of Netflix from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Jefferies Financial Group increased their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Piper Sandler increased their price target on shares of Netflix from $840.00 to $950.00 and gave the company an “overweight” rating in a research report on Tuesday. Finally, Loop Capital downgraded shares of Netflix from a “buy” rating to a “hold” rating and upped their price objective for the company from $800.00 to $950.00 in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $845.82.

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.