Yousif Capital Management LLC Sells 1,187 Shares of Netflix, Inc. (NASDAQ:NFLX)

Yousif Capital Management LLC cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.9% during the 4th quarter, Holdings Channel reports. The firm owned 60,179 shares of the Internet television network’s stock after selling 1,187 shares during the period. Yousif Capital Management LLC’s holdings in Netflix were worth $29,300,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NFLX. Authentikos Wealth Advisory LLC bought a new stake in shares of Netflix in the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management purchased a new stake in Netflix in the third quarter worth $26,000. Carmel Capital Partners LLC boosted its holdings in Netflix by 290.0% in the third quarter. Carmel Capital Partners LLC now owns 78 shares of the Internet television network’s stock valued at $30,000 after acquiring an additional 58 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its position in 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 valued at $36,000 after purchasing an additional 35 shares during the period. Finally, Pacifica Partners Inc. bought a new position in Netflix in the 4th quarter worth $41,000. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NFLX. Barclays lifted their target price on shares of Netflix from $475.00 to $550.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 9th. Benchmark reissued a “sell” rating and issued a $440.00 target price on shares of Netflix in a research report on Thursday, April 18th. Morgan Stanley lifted their price target on Netflix from $600.00 to $700.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. TD Cowen increased their price objective on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Finally, Jefferies Financial Group boosted their target price on shares of Netflix from $580.00 to $700.00 and gave the company a “buy” rating in a report on Tuesday, March 12th. One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $630.58.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 5,352 shares of the business’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total transaction of $3,345,000.00. Following the completion of the sale, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,181,250. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Netflix 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 transaction of $25,591,006.08. Following the completion of the sale, the insider now owns 31,610 shares of the company’s stock, valued at $17,003,651.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Gregory K. Peters sold 5,352 shares of the firm’s stock in a transaction dated Monday, March 18th. The stock was sold at an average price of $625.00, for a total value of $3,345,000.00. Following the completion of the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at approximately $8,181,250. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,335 shares of company stock valued at $151,619,811. 2.45% of the stock is owned by company insiders.

Netflix Stock Performance

Shares of NFLX stock traded up $23.15 during trading hours on Tuesday, reaching $577.75. The company had a trading volume of 4,942,177 shares, compared to its average volume of 4,517,395. The firm has a market cap of $248.95 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 1.49 and a beta of 1.22. The business has a fifty day moving average price of $606.05 and a 200-day moving average price of $517.65. Netflix, Inc. has a one year low of $315.62 and a one year high of $639.00. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.12 and a current ratio of 1.07.

Netflix (NASDAQ:NFLX) last announced its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The business had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.28 billion. Netflix had a net margin of 18.42% and a return on equity of 29.62%. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.88 EPS. Sell-side analysts predict that Netflix, Inc. will post 17.13 earnings per share for the current fiscal year.

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.