Sienna Gestion Sells 160 Shares of Netflix, Inc. (NASDAQ:NFLX)

Sienna Gestion lessened its stake in Netflix, Inc. (NASDAQ:NFLX) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,048 shares of the Internet television network’s stock after selling 160 shares during the period. Netflix accounts for about 1.1% of Sienna Gestion’s portfolio, making the stock its 16th largest position. Sienna Gestion’s holdings in Netflix were worth $12,849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NFLX. Vanguard Group Inc. raised its stake in shares of Netflix by 0.4% during the first quarter. Vanguard Group Inc. now owns 36,587,911 shares of the Internet television network’s stock valued at $22,220,936,000 after acquiring an additional 149,341 shares in the last quarter. Capital World Investors raised its position in Netflix by 0.7% during the 4th quarter. Capital World Investors now owns 11,744,636 shares of the Internet television network’s stock valued at $5,718,265,000 after purchasing an additional 78,320 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Netflix by 17.0% in the 1st quarter. Jennison Associates LLC now owns 6,381,464 shares of the Internet television network’s stock worth $3,875,655,000 after buying an additional 929,193 shares during the period. Baillie Gifford & Co. grew its position in shares of Netflix by 2.3% during the 2nd quarter. Baillie Gifford & Co. now owns 4,762,069 shares of the Internet television network’s stock worth $3,213,825,000 after buying an additional 106,756 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Netflix by 1.8% in the fourth quarter. Fisher Asset Management LLC now owns 4,115,613 shares of the Internet television network’s stock valued at $2,003,810,000 after acquiring an additional 72,807 shares in the last quarter. Institutional investors own 80.93% of the company’s stock.

Netflix Trading Down 2.3 %

Shares of NASDAQ:NFLX opened at $690.47 on Thursday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.55. Netflix, Inc. has a 12-month low of $344.73 and a 12-month high of $711.33. The business has a 50 day moving average of $660.90 and a two-hundred day moving average of $639.51. The company has a market capitalization of $297.59 billion, a PE ratio of 47.92, a PEG ratio of 1.40 and a beta of 1.26.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, July 18th. The Internet television network reported $4.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.74 by $0.14. The firm had revenue of $9.56 billion during the quarter, compared to analysts’ expectations of $9.53 billion. Netflix had a net margin of 19.54% and a return on equity of 32.93%. The business’s revenue was up 16.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.29 EPS. As a group, analysts forecast that Netflix, Inc. will post 19.08 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Netflix from $650.00 to $750.00 and gave the company an “overweight” rating in a research report on Friday, July 12th. The Goldman Sachs Group upped their target price on Netflix from $650.00 to $659.00 and gave the stock a “neutral” rating in a report on Friday, July 19th. Benchmark lifted their price target on Netflix from $450.00 to $545.00 and gave the company a “sell” rating in a report on Tuesday, July 16th. Piper Sandler boosted their price target on Netflix from $600.00 to $650.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $700.00 price objective on shares of Netflix in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, Netflix currently has an average rating of “Moderate Buy” and an average price target of $685.29.

Insider Activity

In other Netflix news, Director Jay C. Hoag sold 43,750 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the transaction, the director now owns 95,040 shares in the company, valued at $65,299,132.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Netflix news, Director Jay C. Hoag sold 43,750 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $687.07, for a total transaction of $30,059,312.50. Following the completion of the transaction, the director now directly owns 95,040 shares in the company, valued at $65,299,132.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Reed Hastings sold 25,074 shares of Netflix stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $680.92, for a total transaction of $17,073,388.08. Following the completion of the sale, the chairman now owns 85 shares in the company, valued at approximately $57,878.20. The disclosure for this sale can be found here. Insiders have sold 196,798 shares of company stock worth $129,552,672 in the last ninety days. Company insiders own 1.76% of the company’s stock.

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.