Texas Permanent School Fund Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Texas Permanent School Fund reduced its position in shares of Netflix, Inc. (NASDAQ:NFLXGet Rating) by 10.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,095 shares of the Internet television network’s stock after selling 7,280 shares during the period. Netflix makes up approximately 0.5% of Texas Permanent School Fund’s portfolio, making the stock its 23rd largest position. Texas Permanent School Fund’s holdings in Netflix were worth $36,806,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its holdings in Netflix by 267.3% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 378,996 shares of the Internet television network’s stock valued at $231,316,000 after buying an additional 275,804 shares in the last quarter. Tocqueville Asset Management L.P. increased its holdings in Netflix by 1.1% in the third quarter. Tocqueville Asset Management L.P. now owns 24,905 shares of the Internet television network’s stock valued at $15,201,000 after buying an additional 275 shares in the last quarter. Fernbridge Capital Management LP increased its stake in shares of Netflix by 46.9% during the 3rd quarter. Fernbridge Capital Management LP now owns 121,640 shares of the Internet television network’s stock worth $74,242,000 after purchasing an additional 38,847 shares in the last quarter. Personal CFO Solutions LLC boosted its holdings in shares of Netflix by 11.1% in the 3rd quarter. Personal CFO Solutions LLC now owns 3,040 shares of the Internet television network’s stock valued at $1,855,000 after purchasing an additional 304 shares during the last quarter. Finally, We Are One Seven LLC boosted its holdings in shares of Netflix by 28.5% in the 3rd quarter. We Are One Seven LLC now owns 5,291 shares of the Internet television network’s stock valued at $3,652,000 after purchasing an additional 1,174 shares during the last quarter. 81.37% of the stock is owned by institutional investors.

Shares of NASDAQ NFLX traded up $10.98 during midday trading on Thursday, reaching $199.52. The company’s stock had a trading volume of 21,341,978 shares, compared to its average volume of 11,099,790. Netflix, Inc. has a one year low of $185.60 and a one year high of $700.99. The company has a 50 day moving average price of $344.55 and a 200 day moving average price of $492.99. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 0.83. The company has a market cap of $88.64 billion, a price-to-earnings ratio of 18.11, a price-to-earnings-growth ratio of 0.81 and a beta of 0.97.

Netflix (NASDAQ:NFLXGet Rating) last released its quarterly earnings results on Tuesday, April 19th. The Internet television network reported $3.53 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.90 by $0.63. Netflix had a net margin of 16.47% and a return on equity of 32.01%. The business had revenue of $7.87 billion for the quarter, compared to analyst estimates of $7.94 billion. During the same quarter in the previous year, the business earned $3.75 earnings per share. The firm’s revenue was up 9.8% compared to the same quarter last year. Research analysts anticipate that Netflix, Inc. will post 10.88 earnings per share for the current fiscal year.

A number of equities analysts have recently commented on the stock. Wells Fargo & Company downgraded shares of Netflix from an “overweight” rating to an “equal weight” rating and set a $300.00 target price on the stock. in a research note on Wednesday, April 20th. Truist Financial dropped their price target on shares of Netflix from $409.00 to $300.00 in a research note on Wednesday, April 20th. Atlantic Securities downgraded shares of Netflix from an “overweight” rating to a “neutral” rating and set a $280.00 price target on the stock. in a research note on Wednesday, April 20th. Stifel Nicolaus downgraded shares of Netflix from a “buy” rating to a “hold” rating and dropped their price target for the stock from $460.00 to $300.00 in a research note on Wednesday, April 20th. Finally, Canaccord Genuity Group dropped their price target on shares of Netflix from $600.00 to $400.00 in a research note on Wednesday, April 20th. Three investment analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $386.31.

About Netflix (Get Rating)

Netflix, Inc provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. The company provides members the ability to receive streaming content through a host of internet-connected devices, 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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