Trexquant Investment LP Cuts Stock Holdings in Netflix, Inc. (NASDAQ:NFLX)

Trexquant Investment LP reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 62.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,026 shares of the Internet television network’s stock after selling 17,016 shares during the quarter. Trexquant Investment LP’s holdings in Netflix were worth $8,936,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. May Hill Capital LLC bought a new stake in Netflix in the fourth quarter valued at approximately $1,214,000. Headlands Technologies LLC increased its stake in shares of Netflix by 125.7% in the fourth quarter. Headlands Technologies LLC now owns 7,774 shares of the Internet television network’s stock worth $6,929,000 after buying an additional 4,329 shares during the period. Invenio Wealth Partners LLC bought a new stake in Netflix during the 4th quarter valued at $231,000. Boston Family Office LLC raised its holdings in Netflix by 85.1% during the 4th quarter. Boston Family Office LLC now owns 583 shares of the Internet television network’s stock valued at $520,000 after buying an additional 268 shares during the last quarter. Finally, OLD Mission Capital LLC purchased a new stake in Netflix during the 4th quarter valued at $361,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on NFLX shares. BMO Capital Markets reiterated an “outperform” rating and set a $1,175.00 target price (up from $1,000.00) on shares of Netflix in a report on Wednesday, January 22nd. KeyCorp lifted their price objective on Netflix from $1,000.00 to $1,100.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 22nd. Robert W. Baird upped their target price on Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. Phillip Securities cut shares of Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Finally, Loop Capital restated a “hold” rating on shares of Netflix in a report on Monday, March 24th. Ten equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $1,021.02.

Insider Buying and Selling at Netflix

In related news, Director Richard N. Barton sold 6,364 shares of the company’s stock in a transaction on Tuesday, January 7th. The shares were sold at an average price of $879.38, for a total value of $5,596,374.32. Following the completion of the transaction, the director now owns 246 shares of the company’s stock, valued at approximately $216,327.48. This represents a 96.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Over the last quarter, insiders sold 280,676 shares of company stock valued at $273,515,672. Company insiders own 1.76% of the company’s stock.

Netflix Price Performance

NASDAQ NFLX opened at $935.52 on Thursday. The company has a 50-day moving average price of $974.03 and a 200-day moving average price of $873.22. Netflix, Inc. has a 52 week low of $542.01 and a 52 week high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $400.18 billion, a P/E ratio of 47.18, a PEG ratio of 2.12 and a beta of 1.38.

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

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.