Graypoint LLC Has $3.86 Million Position in Netflix, Inc. (NASDAQ:NFLX)

Graypoint LLC increased its position in Netflix, Inc. (NASDAQ:NFLX) by 1.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,325 shares of the Internet television network’s stock after purchasing an additional 42 shares during the quarter. Graypoint LLC’s holdings in Netflix were worth $3,855,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NFLX. DigitalBridge Group Inc. raised its position in shares of Netflix by 35.5% in the second quarter. DigitalBridge Group Inc. now owns 36,063 shares of the Internet television network’s stock valued at $24,338,000 after purchasing an additional 9,451 shares during the period. Nordea Investment Management AB raised its holdings in Netflix by 22.7% in the 4th quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after acquiring an additional 156,958 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Netflix by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after acquiring an additional 29,726 shares during the period. Natixis Advisors LLC grew its position in shares of Netflix by 2.0% in the third quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock valued at $434,398,000 after purchasing an additional 11,921 shares during the last quarter. Finally, M&T Bank Corp increased its stake in shares of Netflix by 4.2% during the third quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock worth $29,751,000 after purchasing an additional 1,684 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Trading Down 4.3 %

NFLX stock traded down $37.31 during mid-day trading on Friday, reaching $837.69. The company’s stock had a trading volume of 4,778,715 shares, compared to its average volume of 3,083,933. The company has a market cap of $358.08 billion, a price-to-earnings ratio of 47.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.27. Netflix, Inc. has a 12 month low of $475.26 and a 12 month high of $941.75. The business’s 50 day moving average price is $876.43 and its 200 day moving average price is $751.52. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.62.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 EPS for the quarter, beating analysts’ consensus estimates of $5.09 by $0.31. Netflix had a return on equity of 35.86% and a net margin of 20.70%. The business had revenue of $9.82 billion during the quarter, compared to analyst estimates of $9.77 billion. On average, equities research analysts predict that Netflix, Inc. will post 19.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Oppenheimer upped their price objective on Netflix from $825.00 to $1,065.00 and gave the company an “outperform” rating in a report on Monday, December 16th. Evercore ISI raised their price target on shares of Netflix from $775.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, December 2nd. Loop Capital lowered shares of Netflix from a “buy” rating to a “hold” rating and increased their target price for the stock from $800.00 to $950.00 in a research report on Monday, December 16th. Wells Fargo & Company raised their price target on Netflix from $758.00 to $797.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Benchmark increased their price target on shares of Netflix from $555.00 to $720.00 and gave the stock a “sell” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $824.00.

Insider Buying and Selling

In other news, Chairman Reed Hastings sold 48,363 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $896.60, for a total value of $43,362,265.80. Following the completion of the transaction, the chairman now directly owns 114 shares of the company’s stock, valued at $102,212.40. This represents a 99.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard N. Barton sold 6,364 shares of Netflix stock in a transaction on Tuesday, January 7th. The stock was sold at an average price of $879.38, for a total value of $5,596,374.32. Following the sale, the director now owns 246 shares in the company, valued at $216,327.48. This trade represents a 96.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 156,742 shares of company stock worth $131,030,268 in the last quarter. Insiders own 1.76% of the company’s stock.

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.