AGF Management Ltd. Has $1.88 Million Stake in Netflix, Inc. (NASDAQ:NFLX)

AGF Management Ltd. trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 51.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,107 shares of the Internet television network’s stock after selling 2,224 shares during the period. AGF Management Ltd.’s holdings in Netflix were worth $1,878,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Endowment Wealth Management Inc. increased its holdings in Netflix by 1.0% in the fourth quarter. Endowment Wealth Management Inc. now owns 1,441 shares of the Internet television network’s stock valued at $1,284,000 after purchasing an additional 14 shares during the period. Wealthfront Advisers LLC increased its holdings in Netflix by 11.0% in the fourth quarter. Wealthfront Advisers LLC now owns 75,297 shares of the Internet television network’s stock valued at $67,114,000 after purchasing an additional 7,433 shares during the period. Avantax Planning Partners Inc. increased its holdings in Netflix by 10.5% in the fourth quarter. Avantax Planning Partners Inc. now owns 1,318 shares of the Internet television network’s stock valued at $1,175,000 after purchasing an additional 125 shares during the period. GC Wealth Management RIA LLC increased its holdings in Netflix by 16.3% in the fourth quarter. GC Wealth Management RIA LLC now owns 798 shares of the Internet television network’s stock valued at $711,000 after purchasing an additional 112 shares during the period. Finally, Founders Financial Alliance LLC grew its holdings in Netflix by 17.8% during the 4th quarter. Founders Financial Alliance LLC now owns 476 shares of the Internet television network’s stock worth $424,000 after acquiring an additional 72 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Netflix

In other Netflix news, Director Strive Masiyiwa sold 2,813 shares of the business’s stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $1,007.87, for a total value of $2,835,138.31. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Gregory K. Peters sold 102,228 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $980.74, for a total transaction of $100,259,088.72. Following the completion of the transaction, the chief executive officer now owns 12,950 shares in the company, valued at $12,700,583. The trade was a 88.76 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 288,103 shares of company stock valued at $279,142,041. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NFLX. The Goldman Sachs Group increased their price target on Netflix from $850.00 to $960.00 and gave the stock a “neutral” rating in a report on Wednesday, January 22nd. Argus increased their price target on Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $975.00 to $1,200.00 in a report on Friday, January 24th. JPMorgan Chase & Co. increased their price target on Netflix from $1,000.00 to $1,150.00 and gave the stock an “overweight” rating in a report on Wednesday, January 22nd. Finally, Evercore ISI increased their price target on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $1,014.26.

Netflix Stock Up 3.1 %

Netflix stock opened at $918.00 on Friday. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The firm has a market capitalization of $392.68 billion, a price-to-earnings ratio of 46.29, a P/E/G ratio of 2.12 and a beta of 1.38. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56. The firm has a 50 day simple moving average of $951.04 and a 200 day simple moving average of $847.68.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings results on Tuesday, January 21st. The Internet television network reported $4.27 EPS for the quarter, beating the consensus estimate of $4.20 by $0.07. Netflix had a net margin of 22.34% and a return on equity of 38.32%. The firm had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. During the same period last year, the firm earned $2.11 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that Netflix, Inc. will post 24.58 earnings per share for the current 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.