Tilt Investment Management Holdings PBC Decreases Holdings in Netflix, Inc. (NASDAQ:NFLX)

Tilt Investment Management Holdings PBC cut its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 26.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,755 shares of the Internet television network’s stock after selling 631 shares during the quarter. Netflix makes up 0.9% of Tilt Investment Management Holdings PBC’s investment portfolio, making the stock its 21st largest holding. Tilt Investment Management Holdings PBC’s holdings in Netflix were worth $854,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Authentikos Wealth Advisory LLC purchased a new stake in Netflix in the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new stake in Netflix in the 3rd quarter worth about $26,000. Blue Bell Private Wealth Management LLC increased its holdings in Netflix by 89.7% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after acquiring an additional 35 shares during the last quarter. Carmel Capital Partners LLC increased its holdings in Netflix by 290.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after acquiring an additional 58 shares during the last quarter. Finally, Pacifica Partners Inc. bought a new position in Netflix in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analysts Set New Price Targets

NFLX has been the subject of several analyst reports. StockNews.com upgraded Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Canaccord Genuity Group lifted their price target on Netflix from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Robert W. Baird raised their price objective on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Sanford C. Bernstein raised their price objective on Netflix from $390.00 to $490.00 and gave the company a “market perform” rating in a report on Wednesday, January 24th. Finally, Piper Sandler raised their price objective on Netflix from $550.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and twenty-three have given a buy rating to the stock. Based on data from MarketBeat.com, Netflix currently has a consensus rating of “Moderate Buy” and a consensus price target of $614.75.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Gregory K. Peters sold 13,655 shares of the firm’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total value of $7,425,589.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $7,118,342. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,335 shares of company stock valued at $151,619,811. Insiders own 2.45% of the company’s stock.

Netflix Stock Performance

NASDAQ:NFLX traded down $5.36 on Thursday, hitting $608.33. The stock had a trading volume of 3,148,979 shares, compared to its average volume of 4,225,210. The stock has a market cap of $263.26 billion, a price-to-earnings ratio of 51.53, a price-to-earnings-growth ratio of 1.67 and a beta of 1.22. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 0.69. The business’s 50-day simple moving average is $604.73 and its two-hundred day simple moving average is $511.17. Netflix, Inc. has a 52-week low of $315.62 and a 52-week high of $639.00.

Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The firm had revenue of $8.83 billion during the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company’s revenue for the quarter was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. As a group, research analysts predict that Netflix, Inc. will post 17.05 earnings per share for the current year.

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.