Kaizen Financial Strategies Sells 200 Shares of Netflix, Inc. (NASDAQ:NFLX)

Kaizen Financial Strategies decreased its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 28.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 506 shares of the Internet television network’s stock after selling 200 shares during the period. Kaizen Financial Strategies’ holdings in Netflix were worth $451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Netflix by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 37,488,005 shares of the Internet television network’s stock valued at $33,413,809,000 after purchasing an additional 171,712 shares during the period. FMR LLC lifted its position in Netflix by 1.8% during the fourth quarter. FMR LLC now owns 20,887,090 shares of the Internet television network’s stock valued at $18,617,081,000 after buying an additional 375,234 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Netflix by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 9,323,952 shares of the Internet television network’s stock valued at $8,287,823,000 after buying an additional 175,596 shares in the last quarter. Norges Bank purchased a new stake in shares of Netflix in the 4th quarter worth about $5,019,087,000. Finally, Alliancebernstein L.P. increased its stake in shares of Netflix by 1.6% in the 4th quarter. Alliancebernstein L.P. now owns 5,141,328 shares of the Internet television network’s stock worth $4,582,568,000 after acquiring an additional 82,564 shares in the last quarter. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Morgan Stanley upped their price objective on shares of Netflix from $1,150.00 to $1,200.00 and gave the stock an “overweight” rating in a report on Monday, April 21st. Guggenheim reaffirmed a “buy” rating and set a $1,150.00 price objective (up previously from $1,100.00) on shares of Netflix in a research report on Friday, April 18th. JPMorgan Chase & Co. lifted their price objective on Netflix from $1,025.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Monday, April 21st. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an “overweight” rating in a research note on Monday, April 21st. Finally, FBN Securities started coverage on Netflix in a research report on Thursday, March 27th. They issued an “outperform” rating and a $1,165.00 price target for the company. Ten analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,084.91.

Netflix Stock Down 0.4 %

NFLX opened at $1,139.81 on Friday. The stock has a market cap of $485.07 billion, a price-to-earnings ratio of 57.48, a price-to-earnings-growth ratio of 2.12 and a beta of 1.58. 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 firm’s fifty day moving average is $984.97 and its 200 day moving average is $933.06. Netflix, Inc. has a fifty-two week low of $587.04 and a fifty-two week high of $1,164.00.

Netflix (NASDAQ:NFLX) last announced its quarterly earnings data on Thursday, April 17th. The Internet television network reported $6.61 EPS for the quarter, beating the consensus estimate of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The business had revenue of $10.54 billion for the quarter, compared to the consensus estimate of $10.51 billion. During the same period in the previous year, the business earned $8.28 earnings per share. On average, sell-side analysts forecast that Netflix, Inc. will post 24.58 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Jay C. Hoag sold 32,515 shares of the business’s stock in a transaction dated Tuesday, April 29th. The stock was sold at an average price of $1,101.97, for a total value of $35,830,554.55. Following the sale, the director now directly owns 79,040 shares in the company, valued at approximately $87,099,708.80. The trade was a 29.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Cletus R. Willems sold 298 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were sold at an average price of $1,138.00, for a total value of $339,124.00. Following the transaction, the insider now directly owns 31,610 shares of the company’s stock, valued at approximately $35,972,180. The trade was a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,530 shares of company stock worth $137,602,751 over the last quarter. 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.