SG Americas Securities LLC Has $10.77 Million Holdings in Netflix, Inc. (NASDAQ:NFLX)

SG Americas Securities LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 83.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 12,081 shares of the Internet television network’s stock after selling 63,162 shares during the quarter. SG Americas Securities LLC’s holdings in Netflix were worth $10,768,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Netflix in the third quarter valued at $25,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Netflix by 700.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after purchasing an additional 42 shares in the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in shares of Netflix in the 3rd quarter valued at approximately $37,000. FSA Wealth Management LLC bought a new position in shares of Netflix in the third quarter valued at $38,000. Finally, First Personal Financial Services acquired a new position in Netflix during the third quarter worth $40,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Up 3.2 %

Shares of Netflix stock opened at $984.86 on Friday. Netflix, Inc. has a 1 year low of $537.07 and a 1 year high of $999.00. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $420.99 billion, a PE ratio of 49.67, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. The firm’s 50 day moving average is $889.11 and its 200 day moving average is $763.41.

Netflix (NASDAQ:NFLX) last released its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a return on equity of 39.48% and a net margin of 22.34%. The company had revenue of $10.25 billion for the quarter, compared to the consensus estimate of $10,141,900 billion. During the same quarter last year, the business posted $2.11 EPS. Netflix’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts forecast that Netflix, Inc. will post 23.43 earnings per share for the current fiscal year.

Insider Transactions at Netflix

In other Netflix news, insider David A. Hyman sold 267 shares of the company’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 sale, the insider now owns 31,610 shares in the company, valued at approximately $24,202,828.70. The trade was a 0.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy M. Haley sold 11,090 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $757.96, for a total value of $8,405,776.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 146,500 shares of company stock worth $123,309,210. Insiders own 1.76% of the company’s stock.

Analyst Ratings Changes

NFLX has been the subject of a number of analyst reports. Benchmark raised shares of Netflix from a “sell” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets reiterated an “outperform” rating and set a $1,175.00 price target (up previously from $1,000.00) on shares of Netflix in a report on Wednesday. Loop Capital upped their price objective on Netflix from $925.00 to $1,000.00 and gave the company a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $1,100.00 target price (up previously from $950.00) on shares of Netflix in a report on Wednesday. Ten research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $996.94.

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.