Y.D. More Investments Ltd Sells 68 Shares of Netflix, Inc. (NASDAQ:NFLX)

Y.D. More Investments Ltd lowered its holdings in shares of Netflix, Inc. (NASDAQ:NFLX) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 4,111 shares of the Internet television network’s stock after selling 68 shares during the period. Y.D. More Investments Ltd’s holdings in Netflix were worth $3,664,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. RPg Family Wealth Advisory LLC acquired a new stake in Netflix during the 3rd quarter valued at $25,000. Newton One Investments LLC bought a new stake in shares of Netflix during the 4th quarter worth about $34,000. Princeton Global Asset Management LLC raised its holdings in Netflix by 51.6% in the 4th quarter. Princeton Global Asset Management LLC now owns 47 shares of the Internet television network’s stock valued at $42,000 after acquiring an additional 16 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its position in Netflix by 700.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 48 shares of the Internet television network’s stock worth $34,000 after acquiring an additional 42 shares during the last quarter. Finally, Decker Retirement Planning Inc. bought a new stake in shares of Netflix during the fourth quarter worth approximately $43,000. Institutional investors own 80.93% of the company’s stock.

Insiders Place Their Bets

In other news, insider David A. Hyman sold 41,121 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The shares were 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 owns 31,610 shares of the company’s stock, valued at approximately $30,946,506.10. This represents a 56.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Timothy M. Haley sold 647 shares of Netflix stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $800.19, for a total transaction of $517,722.93. The disclosure for this sale can be found here. Insiders have sold 281,026 shares of company stock worth $267,211,135 in the last ninety days. 1.76% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on NFLX shares. Phillip Securities cut Netflix from a “hold” rating to a “moderate sell” rating in a report on Friday, January 24th. Wolfe Research raised Netflix from a “peer perform” rating to an “outperform” rating and set a $1,100.00 target price for the company in a report on Thursday, January 23rd. Jefferies Financial Group upped their price target on shares of Netflix from $780.00 to $800.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Argus lifted their price objective on shares of Netflix from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Bank of America boosted their price objective 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. Ten equities research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,021.70.

Netflix Stock Performance

Netflix stock opened at $994.87 on Wednesday. The firm has a market capitalization of $425.57 billion, a P/E ratio of 50.17, a price-to-earnings-growth ratio of 2.02 and a beta of 1.27. The company’s 50-day moving average is $906.93 and its 200 day moving average is $781.90. Netflix, Inc. has a 1-year low of $542.01 and a 1-year high of $1,008.00. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22.

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, topping the consensus estimate of $4.20 by $0.07. The business had revenue of $10.25 billion during the quarter, compared to the consensus estimate of $10.14 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the company earned $2.11 earnings per share. Research analysts forecast that Netflix, Inc. will post 24.58 EPS 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.