Foster Group Inc. Decreases Position in Netflix, Inc. (NASDAQ:NFLX)

Foster Group Inc. cut its stake in Netflix, Inc. (NASDAQ:NFLX) by 22.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 454 shares of the Internet television network’s stock after selling 132 shares during the quarter. Foster Group Inc.’s holdings in Netflix were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. KFA Private Wealth Group LLC lifted its stake in Netflix by 1.9% in the 4th quarter. KFA Private Wealth Group LLC now owns 958 shares of the Internet television network’s stock valued at $466,000 after buying an additional 18 shares in the last quarter. Legacy Capital Group California Inc. lifted its stake in Netflix by 0.6% in the 4th quarter. Legacy Capital Group California Inc. now owns 2,833 shares of the Internet television network’s stock worth $1,379,000 after purchasing an additional 18 shares in the last quarter. Founders Financial Alliance LLC lifted its stake in Netflix by 2.4% in the 4th quarter. Founders Financial Alliance LLC now owns 757 shares of the Internet television network’s stock worth $369,000 after purchasing an additional 18 shares in the last quarter. Addison Advisors LLC lifted its stake in Netflix by 7.8% in the 4th quarter. Addison Advisors LLC now owns 276 shares of the Internet television network’s stock worth $134,000 after purchasing an additional 20 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC lifted its stake in Netflix by 1.6% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,304 shares of the Internet television network’s stock worth $635,000 after purchasing an additional 21 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 268 shares of Netflix stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $593.62, for a total value of $159,090.16. Following the transaction, the insider now directly owns 31,610 shares in the company, valued at $18,764,328.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Gregory K. Peters sold 4,783 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $675.00, for a total transaction of $3,228,525.00. Following the transaction, the chief executive officer now directly owns 13,090 shares in the company, valued at $8,835,750. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider David A. Hyman sold 268 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $593.62, for a total transaction of $159,090.16. Following the transaction, the insider now owns 31,610 shares in the company, valued at $18,764,328.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 69,425 shares of company stock worth $41,919,791. 1.76% of the stock is owned by company insiders.

Netflix Trading Down 1.0 %

NASDAQ NFLX opened at $679.03 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $292.66 billion, a PE ratio of 47.12, a P/E/G ratio of 1.48 and a beta of 1.26. Netflix, Inc. has a one year low of $344.73 and a one year high of $689.88. The firm’s fifty day moving average is $620.18 and its two-hundred day moving average is $574.17.

Netflix (NASDAQ:NFLX) last posted its quarterly earnings data on Thursday, April 18th. The Internet television network reported $5.28 EPS for the quarter, beating analysts’ consensus estimates of $4.51 by $0.77. The company had revenue of $9.37 billion for 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%. Netflix’s quarterly revenue was up 14.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.88 earnings per share. Analysts expect that Netflix, Inc. will post 18.31 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on NFLX shares. Jefferies Financial Group reissued a “buy” rating and issued a $655.00 target price on shares of Netflix in a research note on Wednesday, May 15th. Loop Capital raised their target price on shares of Netflix from $700.00 to $750.00 and gave the stock a “buy” rating in a research note on Tuesday. StockNews.com raised shares of Netflix from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Piper Sandler raised their price target on shares of Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a report on Friday, April 12th. Finally, TD Cowen raised their price target on shares of Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a report on Monday, April 8th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $633.53.

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.