Sloy Dahl & Holst LLC Lowers Position in Netflix, Inc. (NASDAQ:NFLX)

Sloy Dahl & Holst LLC trimmed its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 6.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,645 shares of the Internet television network’s stock after selling 444 shares during the quarter. Netflix accounts for about 0.7% of Sloy Dahl & Holst LLC’s holdings, making the stock its 14th largest holding. Sloy Dahl & Holst LLC’s holdings in Netflix were worth $3,235,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of NFLX. Fairfield Bush & CO. raised its holdings in shares of Netflix by 26.5% during the 1st quarter. Fairfield Bush & CO. now owns 2,446 shares of the Internet television network’s stock valued at $916,000 after buying an additional 512 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Netflix by 21.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,044 shares of the Internet television network’s stock valued at $179,820,000 after buying an additional 84,179 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Netflix by 14.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,922 shares of the Internet television network’s stock valued at $1,094,000 after buying an additional 363 shares in the last quarter. Candriam Luxembourg S.C.A. raised its holdings in shares of Netflix by 6.9% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 36,336 shares of the Internet television network’s stock valued at $13,610,000 after buying an additional 2,358 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its stake in Netflix by 13.1% in the 1st quarter. Brown Brothers Harriman & Co. now owns 3,808 shares of the Internet television network’s stock worth $1,426,000 after purchasing an additional 441 shares during the period. 80.93% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NFLX has been the topic of a number of analyst reports. Jefferies Financial Group lifted their price target on Netflix from $580.00 to $700.00 and gave the stock a “buy” rating in a research note on Tuesday, March 12th. Piper Sandler lifted their price target on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Morgan Stanley lifted their price target on Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a research note on Friday, April 12th. Evercore ISI lifted their price target on Netflix from $600.00 to $640.00 and gave the stock an “outperform” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Company lifted their price target on Netflix from $460.00 to $650.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $603.48.

Netflix Stock Down 0.2 %

Netflix stock traded down $1.36 during mid-day trading on Wednesday, hitting $616.16. The company had a trading volume of 838,042 shares, compared to its average volume of 4,205,764. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.69. The stock’s 50 day moving average price is $603.65 and its two-hundred day moving average price is $510.44. Netflix, Inc. has a 12 month low of $315.62 and a 12 month high of $639.00. The company has a market capitalization of $266.65 billion, a PE ratio of 51.42, a price-to-earnings-growth ratio of 1.64 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 EPS for the quarter, missing the consensus estimate of $2.20 by ($0.09). Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company had revenue of $8.83 billion during the quarter, compared to the consensus estimate of $8.72 billion. During the same period last year, the firm posted $0.12 earnings per share. The company’s revenue was up 12.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Netflix, Inc. will post 17.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Netflix news, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the sale, the chairman now directly owns 28 shares of the company’s stock, valued at $17,091.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total value of $25,591,006.08. Following the completion of the transaction, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Reed Hastings sold 20,566 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $610.42, for a total value of $12,553,897.72. Following the completion of the transaction, the chairman now owns 28 shares of the company’s stock, valued at approximately $17,091.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is currently owned by corporate insiders.

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.