Abacus Planning Group Inc. Has $557,000 Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Abacus Planning Group Inc. lifted its holdings in Netflix, Inc. (NASDAQ:NFLX) by 5.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 597 shares of the Internet television network’s stock after acquiring an additional 32 shares during the period. Abacus Planning Group Inc.’s holdings in Netflix were worth $557,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC increased its stake in shares of Netflix by 82.4% in the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock valued at $27,000 after buying an additional 14 shares during the period. Brown Shipley& Co Ltd bought a new position in shares of Netflix during the 4th quarter worth about $27,000. Transce3nd LLC acquired a new stake in Netflix in the fourth quarter valued at approximately $32,000. Pineridge Advisors LLC raised its position in shares of Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after purchasing an additional 40 shares during the period. Finally, Copia Wealth Management bought a new position in shares of Netflix in the 4th quarter worth $37,000. 80.93% of the stock is owned by institutional investors.

Netflix Trading Down 0.7%

NASDAQ NFLX opened at $1,241.47 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. Netflix, Inc. has a 12 month low of $587.04 and a 12 month high of $1,262.81. The business’s 50-day moving average price is $1,087.80 and its two-hundred day moving average price is $988.53. The firm has a market capitalization of $528.33 billion, a PE ratio of 62.61, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 earnings per share for the quarter, beating the consensus estimate of $5.74 by $0.87. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the prior year, the business earned $8.28 earnings per share. On average, analysts expect that Netflix, Inc. will post 24.58 EPS for the current year.

Insider Buying and Selling

In other Netflix news, CEO Gregory K. Peters sold 2,027 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $1,141.51, for a total transaction of $2,313,840.77. Following the completion of the transaction, the chief executive officer now owns 12,781 shares of the company’s stock, valued at approximately $14,589,639.31. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction dated Monday, April 21st. The stock was sold at an average price of $1,000.00, for a total transaction of $160,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 153,390 shares of company stock valued at $170,509,439. 1.37% of the stock is owned by insiders.

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. Canaccord Genuity Group lifted their price target on Netflix from $1,200.00 to $1,380.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Rosenblatt Securities raised their price objective on shares of Netflix from $1,494.00 to $1,514.00 and gave the stock a “buy” rating in a report on Monday, April 21st. Wolfe Research set a $1,340.00 target price on shares of Netflix and gave the stock an “outperform” rating in a research note on Friday, May 16th. Piper Sandler set a $1,150.00 price objective on Netflix and gave the stock an “overweight” rating in a report on Monday, April 21st. Finally, Benchmark reissued a “hold” rating on shares of Netflix in a report on Monday, April 21st. Eleven investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,149.91.

Netflix Profile

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.