ORG Partners LLC Reduces Stock Position in Netflix, Inc. (NASDAQ:NFLX)

ORG Partners LLC decreased its holdings in Netflix, Inc. (NASDAQ:NFLX) by 17.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 678 shares of the Internet television network’s stock after selling 141 shares during the quarter. ORG Partners LLC’s holdings in Netflix were worth $604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. AGF Management Ltd. increased its position in shares of Netflix by 3.4% during the second quarter. AGF Management Ltd. now owns 3,872 shares of the Internet television network’s stock worth $2,613,000 after acquiring an additional 129 shares during the period. Eagle Strategies LLC purchased a new position in Netflix during the 2nd quarter worth $253,000. Vest Financial LLC raised its position in Netflix by 11.5% during the 2nd quarter. Vest Financial LLC now owns 706 shares of the Internet television network’s stock valued at $476,000 after purchasing an additional 73 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Netflix by 9.9% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 27,891 shares of the Internet television network’s stock worth $18,823,000 after buying an additional 2,517 shares during the period. Finally, Stonebridge Financial Planning Group LLC grew its position in shares of Netflix by 5.0% during the 2nd quarter. Stonebridge Financial Planning Group LLC now owns 630 shares of the Internet television network’s stock worth $425,000 after buying an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In other Netflix news, 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 value of $273,870.00. Following the transaction, the director now directly owns 35,262 shares of the company’s stock, valued at $26,975,430. This trade represents a 1.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through 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 value of $43,362,265.80. Following the completion of the sale, the chairman now directly owns 114 shares of the company’s stock, valued at approximately $102,212.40. This represents a 99.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,742 shares of company stock worth $131,030,268. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on NFLX. TD Cowen lifted their price objective on Netflix from $820.00 to $835.00 and gave the company a “buy” rating in a report on Friday, October 18th. Pivotal Research boosted their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Citigroup increased their price objective on shares of Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, December 5th. Bank of America boosted their price objective on shares of Netflix from $800.00 to $1,000.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Finally, Piper Sandler restated an “overweight” rating and issued a $840.00 target price (up from $800.00) on shares of Netflix in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat, Netflix presently has a consensus rating of “Moderate Buy” and a consensus target price of $824.00.

Netflix Stock Down 4.3 %

Shares of NFLX opened at $837.69 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market cap of $358.08 billion, a P/E ratio of 47.41, a PEG ratio of 1.77 and a beta of 1.27. The stock’s 50 day moving average is $878.06 and its two-hundred day moving average is $752.69. Netflix, Inc. has a 12 month low of $475.26 and a 12 month 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, topping the consensus estimate of $5.09 by $0.31. Netflix had a net margin of 20.70% and a return on equity of 35.86%. The company had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. Analysts predict that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Netflix Company 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.