Tilt Investment Management Holdings PBC Lowers Holdings in Netflix, Inc. (NASDAQ:NFLX)

Tilt Investment Management Holdings PBC decreased its stake in Netflix, Inc. (NASDAQ:NFLX) by 26.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,755 shares of the Internet television network’s stock after selling 631 shares during the quarter. Netflix makes up 0.9% of Tilt Investment Management Holdings PBC’s holdings, making the stock its 21st largest position. Tilt Investment Management Holdings PBC’s holdings in Netflix were worth $854,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Authentikos Wealth Advisory LLC purchased a new stake in shares of Netflix in the third quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new position in Netflix during the third quarter worth approximately $26,000. Carmel Capital Partners LLC boosted its position in Netflix by 290.0% during the third 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 in the last quarter. Blue Bell Private Wealth Management LLC boosted its position in Netflix by 89.7% during the fourth 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 in the last quarter. Finally, Evermay Wealth Management LLC boosted its position in Netflix by 94.9% during the first quarter. Evermay Wealth Management LLC now owns 115 shares of the Internet television network’s stock worth $40,000 after purchasing an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Netflix Stock Performance

Shares of NFLX traded down $5.36 during midday trading on Thursday, reaching $608.33. 3,148,979 shares of the stock were exchanged, compared to its average volume of 4,225,210. The business’s 50-day moving average price is $604.73 and its 200 day moving average price is $511.17. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.12. Netflix, Inc. has a twelve month low of $315.62 and a twelve month high of $639.00. The company has a market capitalization of $263.26 billion, a price-to-earnings ratio of 51.53, a PEG 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 (EPS) for the quarter, missing the consensus estimate of $2.20 by ($0.09). The company had revenue of $8.83 billion during the quarter, compared to analyst estimates of $8.72 billion. Netflix had a net margin of 16.04% and a return on equity of 24.76%. The business’s revenue was up 12.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 EPS. On average, sell-side analysts expect that Netflix, Inc. will post 17.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

NFLX has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on Netflix from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Barclays increased their target price on Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a report on Tuesday, April 9th. The Goldman Sachs Group increased their target price on Netflix from $500.00 to $565.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. Macquarie increased their price target on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Wedbush increased their price target on Netflix from $615.00 to $725.00 and gave the company an “outperform” rating in a report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $614.75.

Insider Activity at Netflix

In related news, insider David A. Hyman sold 47,574 shares of the business’s stock in a transaction dated 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 transaction, the insider now 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 is accessible through this hyperlink. In related news, insider David A. Hyman sold 47,574 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $537.92, for a total transaction of $25,591,006.08. Following the completion of the transaction, 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 is available at the SEC website. Also, CEO Gregory K. Peters sold 13,655 shares of Netflix stock in a transaction that occurred on Wednesday, January 24th. The stock was sold at an average price of $543.80, for a total value of $7,425,589.00. Following the transaction, the chief executive officer now owns 13,090 shares of the company’s stock, valued at $7,118,342. 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 quarter. Company insiders own 2.45% of the company’s stock.

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.