Twin Capital Management Inc. Sells 212 Shares of Netflix, Inc. (NASDAQ:NFLX)

Twin Capital Management Inc. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 2.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,973 shares of the Internet television network’s stock after selling 212 shares during the quarter. Twin Capital Management Inc.’s holdings in Netflix were worth $4,369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of NFLX. Authentikos Wealth Advisory LLC purchased a new stake in shares of Netflix during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Netflix during the 3rd quarter worth approximately $26,000. Carmel Capital Partners LLC increased its stake in shares of Netflix by 290.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock worth $30,000 after purchasing an additional 58 shares during the last quarter. Blue Bell Private Wealth Management LLC increased its stake in shares of Netflix by 89.7% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 74 shares of the Internet television network’s stock worth $36,000 after purchasing an additional 35 shares during the last quarter. Finally, Evermay Wealth Management LLC grew its stake in Netflix by 94.9% in the 1st quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock valued at $40,000 after buying an additional 56 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

NFLX stock traded down $2.00 on Thursday, hitting $611.69. The company had a trading volume of 2,433,104 shares, compared to its average volume of 4,215,487. Netflix, Inc. has a 12-month low of $315.62 and a 12-month high of $639.00. 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 simple moving average is $604.73 and its 200 day simple moving average is $511.17. The stock has a market cap of $264.71 billion, a price-to-earnings ratio of 51.53, a P/E/G ratio of 1.67 and a beta of 1.22.

Netflix (NASDAQ:NFLX) last issued its quarterly earnings results on Tuesday, January 23rd. The Internet television network reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.20 by ($0.09). The business had revenue of $8.83 billion for the quarter, compared to analysts’ expectations of $8.72 billion. Netflix had a return on equity of 24.76% and a net margin of 16.04%. The company’s revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.12 EPS. As a group, equities research analysts expect that Netflix, Inc. will post 17.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on NFLX. KeyCorp lifted their price objective on shares of Netflix from $580.00 to $705.00 and gave the company an “overweight” rating in a research note on Wednesday, March 20th. Morgan Stanley lifted their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Wedbush lifted their price objective on shares of Netflix from $615.00 to $725.00 and gave the stock an “outperform” rating in a report on Wednesday, March 27th. Guggenheim lifted their price objective on shares of Netflix from $600.00 to $700.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Redburn Atlantic lifted their price objective on shares of Netflix from $550.00 to $610.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Netflix has an average rating of “Moderate Buy” and an average price target of $614.75.

Insider Transactions at Netflix

In other news, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,003,651.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider David A. Hyman sold 267 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $556.01, for a total transaction of $148,454.67. Following the sale, the insider now directly owns 31,610 shares in the company, valued at approximately $17,575,476.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider David A. Hyman sold 47,574 shares of the firm’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the sale, the insider now owns 31,610 shares in the company, valued at $17,003,651.20. The disclosure for this sale can be found here. Insiders have sold 268,335 shares of company stock worth $151,619,811 in the last 90 days. 2.45% of the stock is currently owned by insiders.

Netflix Company 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.