Netflix, Inc. (NASDAQ:NFLX) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama cut its holdings in Netflix, Inc. (NASDAQ:NFLX) by 1.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 204,404 shares of the Internet television network’s stock after selling 2,189 shares during the period. Netflix comprises about 0.7% of Retirement Systems of Alabama’s holdings, making the stock its 17th largest position. Retirement Systems of Alabama’s holdings in Netflix were worth $182,189,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in NFLX. Nordea Investment Management AB lifted its holdings in shares of Netflix by 22.7% in the fourth quarter. Nordea Investment Management AB now owns 848,150 shares of the Internet television network’s stock valued at $760,918,000 after purchasing an additional 156,958 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Netflix by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,579,404 shares of the Internet television network’s stock worth $1,829,494,000 after purchasing an additional 29,726 shares during the last quarter. Natixis Advisors LLC raised its position in shares of Netflix by 2.0% during the 3rd quarter. Natixis Advisors LLC now owns 612,458 shares of the Internet television network’s stock worth $434,398,000 after purchasing an additional 11,921 shares during the last quarter. M&T Bank Corp lifted its stake in Netflix by 4.2% in the 3rd quarter. M&T Bank Corp now owns 41,946 shares of the Internet television network’s stock valued at $29,751,000 after buying an additional 1,684 shares in the last quarter. Finally, Kestra Investment Management LLC acquired a new stake in Netflix during the 3rd quarter valued at $1,517,000. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Price Performance

Shares of NFLX stock opened at $994.87 on Wednesday. The firm has a fifty day simple moving average of $906.93 and a 200-day simple moving average of $781.90. The company has a market capitalization of $425.57 billion, a PE ratio of 50.17, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. Netflix, Inc. has a twelve month low of $542.01 and a twelve month high of $1,008.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.56.

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

Insider Buying and Selling at Netflix

In other Netflix news, insider David A. Hyman sold 41,121 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $979.01, for a total transaction of $40,257,870.21. Following the transaction, the insider now owns 31,610 shares of the company’s stock, valued at $30,946,506.10. This trade represents a 56.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Jeffrey William Karbowski sold 480 shares of Netflix stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $986.75, for a total value of $473,640.00. The disclosure for this sale can be found here. Insiders sold a total of 281,026 shares of company stock worth $267,211,135 in the last 90 days. 1.76% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. UBS Group upped their price objective on Netflix from $1,040.00 to $1,150.00 and gave the company a “buy” rating in a research report on Wednesday, January 22nd. Bank of America upped their target price on shares of Netflix from $1,000.00 to $1,175.00 and gave the company a “buy” rating in a report on Wednesday, January 22nd. Piper Sandler reiterated an “overweight” rating and set a $1,100.00 price target (up from $950.00) on shares of Netflix in a report on Wednesday, January 22nd. Oppenheimer boosted their price objective on shares of Netflix from $1,040.00 to $1,150.00 and gave the company an “outperform” rating in a research report on Wednesday, January 22nd. Finally, Rosenblatt Securities upgraded shares of Netflix from a “neutral” rating to a “buy” rating and raised their target price for the stock from $680.00 to $1,494.00 in a research report on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

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.