1,360 Shares in Netflix, Inc. (NASDAQ:NFLX) Bought by Strive Asset Management LLC

Strive Asset Management LLC acquired a new position in shares of Netflix, Inc. (NASDAQ:NFLX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,360 shares of the Internet television network’s stock, valued at approximately $1,212,000. Netflix comprises approximately 0.9% of Strive Asset Management LLC’s portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of NFLX. Janus Henderson Group PLC raised its position in Netflix by 8.7% during the 4th quarter. Janus Henderson Group PLC now owns 1,377,081 shares of the Internet television network’s stock worth $1,227,468,000 after purchasing an additional 110,432 shares during the last quarter. First National Trust Co raised its position in Netflix by 1.0% during the 4th quarter. First National Trust Co now owns 1,258 shares of the Internet television network’s stock worth $1,121,000 after purchasing an additional 12 shares during the last quarter. Haven Private LLC bought a new position in Netflix during the 4th quarter worth $733,000. Sigma Planning Corp raised its position in Netflix by 7.4% during the 4th quarter. Sigma Planning Corp now owns 5,572 shares of the Internet television network’s stock worth $4,966,000 after purchasing an additional 386 shares during the last quarter. Finally, Quilter Plc raised its position in Netflix by 8.2% during the 4th quarter. Quilter Plc now owns 143,757 shares of the Internet television network’s stock worth $128,133,000 after purchasing an additional 10,946 shares during the last quarter. Institutional investors own 80.93% of the company’s stock.

Insider Activity at Netflix

In related news, Chairman Reed Hastings sold 25,360 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $921.15, for a total value of $23,360,364.00. Following the transaction, the chairman now owns 394 shares in the company, valued at approximately $362,933.10. This represents a 98.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Cletus R. Willems sold 298 shares of the company’s 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 completion of the transaction, the insider now owns 31,610 shares in the company, valued at approximately $35,972,180. The trade was a 0.93% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,868 shares of company stock worth $138,483,256. Insiders own 1.76% of the company’s stock.

Netflix Stock Performance

NFLX stock opened at $1,191.53 on Friday. The firm has a market cap of $507.08 billion, a PE ratio of 60.09, a P/E/G ratio of 2.12 and a beta of 1.58. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 0.56. The business has a 50 day moving average of $1,009.34 and a 200-day moving average of $946.93. Netflix, Inc. has a 12-month low of $587.04 and a 12-month high of $1,196.50.

Netflix (NASDAQ:NFLX) last released its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analyst estimates of $10.51 billion. Netflix had a return on equity of 38.32% and a net margin of 22.34%. During the same period in the prior year, the company posted $8.28 earnings per share. As a group, sell-side analysts expect that Netflix, Inc. will post 24.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NFLX shares. Canaccord Genuity Group raised their target price on Netflix from $1,200.00 to $1,380.00 and gave the stock a “buy” rating in a research report on Friday. Piper Sandler set a $1,150.00 target price on Netflix and gave the stock an “overweight” rating in a research report on Monday, April 21st. BMO Capital Markets reaffirmed an “outperform” rating and set a $1,200.00 target price (up from $1,175.00) on shares of Netflix in a research report on Friday, April 18th. FBN Securities began coverage on Netflix in a research report on Thursday, March 27th. They set an “outperform” rating and a $1,165.00 target price for the company. Finally, Barclays lifted their price objective on Netflix from $900.00 to $1,000.00 and gave the stock an “equal weight” rating in a research report on Monday, April 21st. Ten analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,093.39.

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.