HUB Investment Partners LLC Has $2.55 Million Stock Position in Netflix, Inc. (NASDAQ:NFLX)

HUB Investment Partners LLC trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 19.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,857 shares of the Internet television network’s stock after selling 684 shares during the period. HUB Investment Partners LLC’s holdings in Netflix were worth $2,547,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC boosted its holdings in Netflix by 82.4% during the fourth quarter. Pathway Financial Advisers LLC now owns 31 shares of the Internet television network’s stock worth $27,000 after buying an additional 14 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new position in Netflix during the third quarter worth about $25,000. Newton One Investments LLC bought a new position in Netflix during the fourth quarter worth about $34,000. Pineridge Advisors LLC boosted its holdings in Netflix by 4,000.0% during the fourth quarter. Pineridge Advisors LLC now owns 41 shares of the Internet television network’s stock worth $37,000 after buying an additional 40 shares during the last quarter. Finally, Princeton Global Asset Management LLC boosted its holdings in Netflix by 51.6% during the fourth quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock worth $42,000 after buying an additional 16 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Analyst Ratings Changes

NFLX has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on Netflix from $1,050.00 to $1,150.00 and gave the company an “overweight” rating in a report on Wednesday, January 22nd. Citigroup lifted their price objective on Netflix from $725.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, December 5th. Sanford C. Bernstein upgraded Netflix from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $975.00 to $1,200.00 in a report on Friday, January 24th. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Finally, Moffett Nathanson upgraded Netflix from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $850.00 to $1,100.00 in a report on Monday. Ten investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Netflix has a consensus rating of “Moderate Buy” and a consensus target price of $1,016.78.

Insider Buying and Selling

In related news, insider David A. Hyman sold 41,121 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now directly owns 31,610 shares in the company, valued at $30,946,506.10. The trade was a 56.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Gregory K. Peters sold 4,939 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $1,030.00, for a total value of $5,087,170.00. Following the completion of the sale, the chief executive officer now owns 12,950 shares of the company’s stock, valued at $13,338,500. This trade represents a 27.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 288,103 shares of company stock valued at $279,142,041. 1.76% of the stock is owned by insiders.

Netflix Stock Down 0.9 %

NFLX stock opened at $950.84 on Friday. 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 market capitalization of $406.73 billion, a PE ratio of 47.95, a PEG ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,064.50. The business’s 50 day simple moving average is $956.63 and its 200 day simple moving average is $854.74.

Netflix (NASDAQ:NFLX) last posted its earnings results on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.20 by $0.07. The business 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 firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.11 EPS. As a group, research analysts anticipate that Netflix, Inc. will post 24.58 EPS for the current year.

Netflix Company 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.