HighPoint Advisor Group LLC Acquires 380 Shares of Netflix, Inc. (NASDAQ:NFLX)

HighPoint Advisor Group LLC raised its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 3.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,832 shares of the Internet television network’s stock after purchasing an additional 380 shares during the period. Netflix accounts for 0.6% of HighPoint Advisor Group LLC’s portfolio, making the stock its 29th largest position. HighPoint Advisor Group LLC’s holdings in Netflix were worth $10,546,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in NFLX. Vanguard Group Inc. raised its stake in Netflix by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after buying an additional 171,712 shares during the last quarter. State Street Corp increased its holdings in shares of Netflix by 2.6% during the third quarter. State Street Corp now owns 16,951,347 shares of the Internet television network’s stock valued at $12,023,082,000 after acquiring an additional 426,740 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Netflix by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 9,148,356 shares of the Internet television network’s stock worth $6,464,736,000 after purchasing an additional 123,029 shares during the last quarter. Norges Bank purchased a new position in shares of Netflix in the 4th quarter worth about $5,019,087,000. Finally, Alliancebernstein L.P. boosted its stake in Netflix by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock worth $4,582,568,000 after purchasing an additional 82,564 shares in the last quarter. 80.93% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Piper Sandler restated an “overweight” rating and set a $1,100.00 price objective (up from $950.00) on shares of Netflix in a research note on Wednesday, January 22nd. Guggenheim raised their price target on shares of Netflix from $950.00 to $1,100.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and upped their price objective for the company from $940.00 to $1,150.00 in a research report on Wednesday, January 22nd. Rosenblatt Securities raised Netflix from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $680.00 to $1,494.00 in a report on Wednesday, January 22nd. Finally, Citigroup boosted their price target on Netflix from $725.00 to $920.00 and gave the stock a “neutral” rating in a research note on Thursday, December 5th. Ten investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $1,021.02.

Netflix Trading Down 4.4 %

Shares of NFLX stock opened at $933.85 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock has a fifty day simple moving average of $971.74 and a two-hundred day simple moving average of $869.42. The firm has a market capitalization of $399.46 billion, a PE ratio of 47.09, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 52-week low of $542.01 and a 52-week high of $1,064.50.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.25 billion during the quarter, compared to analysts’ expectations of $10.14 billion. During the same quarter last year, the business posted $2.11 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. On average, analysts predict that Netflix, Inc. will post 24.58 EPS for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, CEO Gregory K. Peters sold 102,228 shares of the stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. This trade represents a 88.76 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Jeffrey William Karbowski sold 480 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of $978.18, for a total transaction of $469,526.40. The disclosure for this sale can be found here. Insiders have sold a total of 288,583 shares of company stock valued at $279,611,567 in the last quarter. 1.76% of the stock is currently owned by insiders.

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.