Yousif Capital Management LLC Has $29.30 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

Yousif Capital Management LLC reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 60,179 shares of the Internet television network’s stock after selling 1,187 shares during the quarter. Yousif Capital Management LLC’s holdings in Netflix were worth $29,300,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in NFLX. Authentikos Wealth Advisory LLC acquired a new stake in Netflix in the 3rd quarter worth $25,000. Spartan Planning & Wealth Management acquired a new stake in Netflix during the third quarter worth about $26,000. Carmel Capital Partners LLC grew its position in Netflix by 290.0% during the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after buying an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its stake in Netflix by 89.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock valued at $36,000 after acquiring an additional 35 shares during the period. Finally, Pacifica Partners Inc. acquired a new position in Netflix in the 4th quarter valued at approximately $41,000. 80.93% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NFLX shares. Seaport Res Ptn cut Netflix from a “buy” rating to a “neutral” rating in a research report on Tuesday, January 30th. Loop Capital boosted their price target on shares of Netflix from $585.00 to $700.00 and gave the company a “buy” rating in a report on Monday, March 18th. TD Cowen increased their price objective on shares of Netflix from $600.00 to $725.00 and gave the company a “buy” rating in a research note on Monday, April 8th. Wells Fargo & Company lifted their target price on shares of Netflix from $650.00 to $726.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Oppenheimer reissued an “outperform” rating and issued a $725.00 price target on shares of Netflix in a research report on Friday. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $630.58.

Insider Transactions at Netflix

In related news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the transaction, the chief executive officer now owns 13,090 shares in the company, valued at $8,181,250. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares of the company’s stock, valued at $8,181,250. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ann Mather sold 3,673 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 268,335 shares of company stock worth $151,619,811. 2.45% of the stock is currently owned by company insiders.

Netflix Trading Up 4.2 %

NASDAQ NFLX traded up $23.15 during trading hours on Tuesday, hitting $577.75. The company’s stock had a trading volume of 4,942,177 shares, compared to its average volume of 4,517,395. The stock has a fifty day moving average of $606.05 and a 200 day moving average of $517.65. The company has a quick ratio of 1.12, a current ratio of 1.07 and a debt-to-equity ratio of 0.62. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The firm has a market capitalization of $248.95 billion, a P/E ratio of 40.09, a PEG ratio of 1.49 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to the consensus estimate of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.88 EPS. Equities research analysts forecast that Netflix, Inc. will post 17.13 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.