Netflix, Inc. (NASDAQ:NFLX) is Ariose Capital Management Ltd’s 2nd Largest Position

Ariose Capital Management Ltd reduced its holdings in Netflix, Inc. (NASDAQ:NFLX) by 20.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 31,000 shares of the Internet television network’s stock after selling 8,000 shares during the period. Netflix makes up approximately 22.9% of Ariose Capital Management Ltd’s holdings, making the stock its 2nd largest holding. Ariose Capital Management Ltd’s holdings in Netflix were worth $27,631,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Grove Bank & Trust grew its holdings in Netflix by 5.3% in the 4th quarter. Grove Bank & Trust now owns 4,215 shares of the Internet television network’s stock valued at $3,757,000 after buying an additional 213 shares in the last quarter. Brady Martz Wealth Solutions LLC purchased a new stake in shares of Netflix in the fourth quarter valued at about $883,000. Bernardo Wealth Planning LLC increased its position in Netflix by 3.6% during the fourth quarter. Bernardo Wealth Planning LLC now owns 518 shares of the Internet television network’s stock worth $434,000 after purchasing an additional 18 shares during the last quarter. My Legacy Advisors LLC raised its stake in Netflix by 7.8% during the fourth quarter. My Legacy Advisors LLC now owns 666 shares of the Internet television network’s stock worth $565,000 after purchasing an additional 48 shares during the period. Finally, Maiden Cove Capital LLC acquired a new position in Netflix in the 4th quarter valued at about $255,000. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 267 shares of the business’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $765.67, for a total value of $204,433.89. Following the completion of the sale, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Spencer Adam Neumann sold 433 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $772.10, for a total value of $334,319.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 152,198 shares of company stock worth $127,616,898. 1.76% of the stock is currently owned by insiders.

Netflix Stock Up 1.9 %

Shares of NASDAQ NFLX opened at $858.10 on Monday. Netflix, Inc. has a 1 year low of $476.06 and a 1 year high of $941.75. The company has a market capitalization of $366.80 billion, a price-to-earnings ratio of 48.56, a price-to-earnings-growth ratio of 1.35 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50-day moving average of $884.58 and a two-hundred day moving average of $759.04.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The firm had revenue of $9.82 billion during the quarter, compared to the consensus estimate of $9.77 billion. On average, analysts forecast that Netflix, Inc. will post 19.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NFLX. KeyCorp lifted their price target on shares of Netflix from $760.00 to $785.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. UBS Group lifted their target price on Netflix from $825.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Piper Sandler raised their price objective on Netflix from $840.00 to $950.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 14th. Wedbush reaffirmed an “outperform” rating and issued a $950.00 target price (up previously from $800.00) on shares of Netflix in a research report on Monday, November 18th. Finally, Pivotal Research lifted their price target on shares of Netflix from $925.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $845.06.

Netflix 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.