Grace & Mercy Foundation Inc. Sells 5,400 Shares of Netflix, Inc. (NASDAQ:NFLX)

Grace & Mercy Foundation Inc. lowered its position in shares of Netflix, Inc. (NASDAQ:NFLX) by 8.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,500 shares of the Internet television network’s stock after selling 5,400 shares during the period. Netflix makes up approximately 11.7% of Grace & Mercy Foundation Inc.’s portfolio, making the stock its 5th largest position. Grace & Mercy Foundation Inc.’s holdings in Netflix were worth $52,142,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NFLX. Norges Bank purchased a new position in shares of Netflix during the 4th quarter worth approximately $5,019,087,000. Proficio Capital Partners LLC lifted its stake in Netflix by 123,836.7% during the fourth quarter. Proficio Capital Partners LLC now owns 1,925,977 shares of the Internet television network’s stock worth $1,716,662,000 after purchasing an additional 1,924,423 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Netflix by 59.3% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,301,098 shares of the Internet television network’s stock worth $2,051,016,000 after buying an additional 856,307 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of Netflix by 318.9% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 976,924 shares of the Internet television network’s stock valued at $870,752,000 after buying an additional 743,724 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in shares of Netflix by 14.3% in the 4th quarter. Northern Trust Corp now owns 4,574,006 shares of the Internet television network’s stock valued at $4,076,903,000 after buying an additional 570,674 shares during the period. Hedge funds and other institutional investors own 80.93% of the company’s stock.

Insider Buying and Selling

In related news, insider Cletus R. Willems sold 298 shares of the firm’s stock in a transaction dated 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 sale, the insider now owns 31,610 shares in the company, valued at $35,972,180. This trade represents a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Jeffrey William Karbowski sold 160 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was sold at an average price of $1,000.00, for a total value of $160,000.00. The disclosure for this sale can be found here. Insiders sold a total of 132,530 shares of company stock valued at $137,602,751 over the last three months. 1.76% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on NFLX. Wells Fargo & Company raised their target price on Netflix from $1,210.00 to $1,222.00 and gave the company an “overweight” rating in a report on Monday, April 21st. Robert W. Baird raised their price objective on shares of Netflix from $875.00 to $1,200.00 and gave the company an “outperform” rating in a research note on Wednesday, January 22nd. Arete Research raised shares of Netflix to a “hold” rating in a research note on Thursday, January 23rd. Rosenblatt Securities raised their price target on shares of Netflix from $1,494.00 to $1,514.00 and gave the company a “buy” rating in a research report on Monday, April 21st. Finally, Piper Sandler set a $1,150.00 price objective on Netflix and gave the stock an “overweight” rating in a research report on Monday, April 21st. Ten investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,084.91.

Netflix Stock Down 0.4 %

Shares of NASDAQ:NFLX opened at $1,139.81 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.22 and a quick ratio of 1.22. The stock has a market cap of $485.07 billion, a P/E ratio of 57.48, a P/E/G ratio of 2.12 and a beta of 1.58. Netflix, Inc. has a 1-year low of $587.04 and a 1-year high of $1,164.00. The firm has a fifty day moving average price of $984.97 and a 200 day moving average price of $931.79.

Netflix (NASDAQ:NFLX) last released its quarterly earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.74 by $0.87. Netflix had a return on equity of 38.32% and a net margin of 22.34%. The firm had revenue of $10.54 billion for the quarter, compared to analyst estimates of $10.51 billion. During the same quarter last year, the company posted $8.28 earnings per share. Sell-side analysts predict 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.