Lynx Investment Advisory Sells 24 Shares of Netflix, Inc. (NASDAQ:NFLX)

Lynx Investment Advisory trimmed its position in Netflix, Inc. (NASDAQ:NFLX) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 511 shares of the Internet television network’s stock after selling 24 shares during the period. Lynx Investment Advisory’s holdings in Netflix were worth $455,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB increased its stake in Netflix by 1.8% during the 3rd quarter. Swedbank AB now owns 465,208 shares of the Internet television network’s stock valued at $329,958,000 after purchasing an additional 8,024 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Netflix by 13.3% in the 3rd quarter. Principal Financial Group Inc. now owns 1,692,563 shares of the Internet television network’s stock valued at $1,200,485,000 after acquiring an additional 198,148 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Netflix by 5,835.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 233,200 shares of the Internet television network’s stock worth $165,402,000 after acquiring an additional 229,271 shares during the last quarter. Eagle Asset Management Inc. lifted its position in Netflix by 7.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 20,496 shares of the Internet television network’s stock worth $14,537,000 after acquiring an additional 1,493 shares during the period. Finally, Great Valley Advisor Group Inc. grew its stake in Netflix by 5.4% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 8,354 shares of the Internet television network’s stock valued at $5,925,000 after purchasing an additional 431 shares during the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

Netflix Stock Performance

NASDAQ NFLX opened at $960.29 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.22 and a current ratio of 1.22. The stock’s fifty day moving average is $959.08 and its two-hundred day moving average is $859.06. The firm has a market capitalization of $410.77 billion, a P/E ratio of 48.43, a price-to-earnings-growth ratio of 2.12 and a beta of 1.38. Netflix, Inc. has a fifty-two week low of $542.01 and a fifty-two week high of $1,064.50.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Tuesday, January 21st. The Internet television network reported $4.27 earnings per share (EPS) 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 firm had revenue of $10.25 billion during the quarter, compared to analyst estimates of $10.14 billion. During the same quarter in the prior year, the firm posted $2.11 earnings per share. Netflix’s quarterly revenue was up 16.0% on a year-over-year basis. On average, research analysts anticipate that Netflix, Inc. will post 24.58 earnings per share for the current year.

Insider Transactions at Netflix

In other Netflix news, Director Ann Mather sold 2,682 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $973.00, for a total value of $2,609,586.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Strive Masiyiwa sold 2,813 shares of the firm’s stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $1,007.87, for a total value of $2,835,138.31. The disclosure for this sale can be found here. Insiders sold 288,103 shares of company stock worth $279,142,041 in the last 90 days. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on NFLX. Canaccord Genuity Group raised Netflix from a “hold” rating to a “buy” rating and lifted their target price for the stock from $940.00 to $1,150.00 in a report on Wednesday, January 22nd. StockNews.com lowered shares of Netflix from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th. Oppenheimer boosted their target price 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. Needham & Company LLC lifted their price objective on Netflix from $800.00 to $1,150.00 and gave the company a “buy” rating in a research note on Wednesday, January 22nd. Finally, Evercore ISI upped their target price on Netflix from $950.00 to $1,100.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 22nd. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.