Netflix, Inc. (NASDAQ:NFLX) Stock Holdings Decreased by Picton Mahoney Asset Management

Picton Mahoney Asset Management reduced its position in Netflix, Inc. (NASDAQ:NFLX) by 64.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,773 shares of the Internet television network’s stock after selling 17,977 shares during the period. Picton Mahoney Asset Management’s holdings in Netflix were worth $4,758,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NFLX. International Assets Investment Management LLC grew its position in Netflix by 15,039.1% during the fourth quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock valued at $1,010,553,000 after purchasing an additional 2,061,859 shares in the last quarter. Jennison Associates LLC grew its position in Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after acquiring an additional 1,573,978 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Netflix by 142.6% in the third quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock worth $252,085,000 after acquiring an additional 392,427 shares in the last quarter. Alecta Tjanstepension Omsesidigt grew its position in Netflix by 171.4% in the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock worth $231,258,000 after acquiring an additional 300,000 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new stake in Netflix in the third quarter worth approximately $99,219,000. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ann Mather sold 3,673 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Netflix news, Director Ann Mather sold 3,673 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $600.00, for a total value of $2,203,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Theodore A. Sarandos sold 68,957 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $561.33, for a total value of $38,707,632.81. Following the completion of the sale, the chief executive officer now directly owns 1,278 shares in the company, valued at $717,379.74. The disclosure for this sale can be found here. Insiders have sold a total of 155,298 shares of company stock valued at $89,753,167 over the last ninety days. Company insiders own 1.76% of the company’s stock.

Netflix Trading Up 0.6 %

Shares of NFLX traded up $3.47 during mid-day trading on Wednesday, hitting $609.47. 3,092,564 shares of the company’s stock traded hands, compared to its average volume of 4,404,261. The firm has a market capitalization of $262.66 billion, a P/E ratio of 42.29, a PEG ratio of 1.40 and a beta of 1.23. The business’s 50-day moving average price is $602.85 and its 200-day moving average price is $531.62. Netflix, Inc. has a 1 year low of $329.51 and a 1 year high of $639.00. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, topping the consensus estimate of $4.51 by $0.77. The company had revenue of $9.37 billion for the quarter, compared to analysts’ expectations of $9.28 billion. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.88 earnings per share. As a group, sell-side analysts forecast that Netflix, Inc. will post 18.3 EPS for the current fiscal year.

Wall Street Analyst Weigh In

NFLX has been the subject of several recent research reports. Robert W. Baird boosted their target price on shares of Netflix from $500.00 to $600.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Piper Sandler boosted their price objective on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Evercore ISI boosted their price objective on shares of Netflix from $640.00 to $650.00 and gave the stock an “outperform” rating in a research note on Friday, April 19th. Citigroup boosted their price objective on shares of Netflix from $555.00 to $660.00 and gave the stock a “neutral” rating in a research note on Monday, March 25th. Finally, Benchmark reiterated a “sell” rating and set a $440.00 target price on shares of Netflix in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat, Netflix currently has a consensus rating of “Moderate Buy” and an average target price of $631.15.

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.