Haverford Trust Co Sells 19 Shares of Netflix, Inc. (NASDAQ:NFLX)

Haverford Trust Co trimmed its stake in Netflix, Inc. (NASDAQ:NFLX) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,534 shares of the Internet television network’s stock after selling 19 shares during the period. Haverford Trust Co’s holdings in Netflix were worth $1,367,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Interchange Capital Partners LLC raised its stake in shares of Netflix by 4.8% in the fourth quarter. Interchange Capital Partners LLC now owns 1,052 shares of the Internet television network’s stock valued at $938,000 after purchasing an additional 48 shares in the last quarter. Towercrest Capital Management acquired a new position in shares of Netflix in the 4th quarter valued at $212,000. Sheets Smith Investment Management bought a new position in shares of Netflix during the 4th quarter worth about $1,293,000. Corebridge Financial Inc. lifted its holdings in shares of Netflix by 1.3% during the 4th quarter. Corebridge Financial Inc. now owns 145,197 shares of the Internet television network’s stock worth $129,417,000 after acquiring an additional 1,815 shares during the period. Finally, Congress Wealth Management LLC DE boosted its position in shares of Netflix by 10.3% during the 4th quarter. Congress Wealth Management LLC DE now owns 18,924 shares of the Internet television network’s stock valued at $16,868,000 after acquiring an additional 1,771 shares in the last quarter. Institutional investors and hedge funds own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, CAO Jeffrey William Karbowski sold 480 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $986.75, for a total value of $473,640.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider David A. Hyman sold 41,121 shares of Netflix stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $979.01, for a total value of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares in the company, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 288,103 shares of company stock valued at $279,142,041 in the last 90 days. 1.76% of the stock is owned by insiders.

Netflix Stock Performance

NFLX stock opened at $971.99 on Tuesday. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,064.50. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The company has a market cap of $415.78 billion, a P/E ratio of 49.02, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. The business’s fifty day moving average is $961.71 and its 200-day moving average is $861.09.

Netflix (NASDAQ:NFLX) last released its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, beating the consensus estimate of $4.20 by $0.07. The firm had revenue of $10.25 billion for the quarter, compared to analyst estimates of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.11 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Loop Capital increased their price target on shares of Netflix from $925.00 to $1,000.00 and gave the stock a “hold” rating in a research report on Wednesday, January 22nd. Pivotal Research increased their target price on Netflix from $1,100.00 to $1,250.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft upped their price target on Netflix from $650.00 to $875.00 and gave the company a “hold” rating in a research report on Wednesday, January 22nd. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and lifted their price objective for the company from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. Finally, Phillip Securities lowered shares of Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,016.78.

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.