Crossmark Global Holdings Inc. lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 20,004 shares of the Internet television network’s stock after selling 543 shares during the period. Crossmark Global Holdings Inc.’s holdings in Netflix were worth $6,473,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Fisher Asset Management LLC increased its holdings in shares of Netflix by 142.6% in the 3rd quarter. Fisher Asset Management LLC now owns 2,216,329 shares of the Internet television network’s stock valued at $593,134,000 after purchasing an additional 1,302,678 shares during the period. Maverick Capital Ltd. boosted its holdings in shares of Netflix by 695.9% during the third quarter. Maverick Capital Ltd. now owns 522,778 shares of the Internet television network’s stock worth $139,906,000 after purchasing an additional 457,098 shares during the period. Johanson Financial Advisors Inc. grew its position in Netflix by 28,747.7% during the fourth quarter. Johanson Financial Advisors Inc. now owns 337,806 shares of the Internet television network’s stock valued at $1,044,000 after purchasing an additional 336,635 shares in the last quarter. Voloridge Investment Management LLC purchased a new position in Netflix during the third quarter valued at approximately $81,976,000. Finally, California Public Employees Retirement System grew its position in Netflix by 38.1% during the third quarter. California Public Employees Retirement System now owns 809,304 shares of the Internet television network’s stock valued at $216,586,000 after purchasing an additional 223,132 shares in the last quarter. Hedge funds and other institutional investors own 80.69% of the company’s stock.

In other Netflix news, Director Jay C. Hoag sold 1,894 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $371.75, for a total transaction of $704,094.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Reed Hastings sold 83,692 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $336.61, for a total value of $28,171,564.12. Following the transaction, the chief executive officer now owns 83,692 shares in the company, valued at $28,171,564.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 140,102 shares of company stock worth $45,886,831. Corporate insiders own 3.72% of the company’s stock.

NASDAQ NFLX opened at $381.40 on Friday. Netflix, Inc. has a fifty-two week low of $252.28 and a fifty-two week high of $385.99. The stock’s 50-day moving average is $343.06 and its two-hundred day moving average is $307.43. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $167.96 billion, a P/E ratio of 92.35, a price-to-earnings-growth ratio of 2.05 and a beta of 1.46.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.78. Netflix had a return on equity of 28.45% and a net margin of 9.26%. The company had revenue of $5.47 billion for the quarter, compared to analyst estimates of $5.45 billion. During the same period last year, the company earned $0.30 earnings per share. The business’s revenue was up 30.6% compared to the same quarter last year. On average, equities analysts expect that Netflix, Inc. will post 6.04 EPS for the current year.

A number of research firms have issued reports on NFLX. Pivotal Research reiterated a “buy” rating and issued a $425.00 target price on shares of Netflix in a research report on Wednesday, January 22nd. Rosenblatt Securities boosted their price target on shares of Netflix from $265.00 to $275.00 and gave the company a “neutral” rating in a report on Tuesday, January 21st. Piper Sandler restated a “buy” rating and set a $400.00 price target on shares of Netflix in a report on Wednesday, January 22nd. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $415.00 price target on shares of Netflix in a research note on Monday, January 20th. Finally, Monness Crespi & Hardt lifted their price objective on Netflix from $350.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-seven have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $380.00.

Netflix Profile

Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.

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Institutional Ownership by Quarter for Netflix (NASDAQ:NFLX)

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