Diversified Trust Co Sells 4,378 Shares of Netflix, Inc. (NASDAQ:NFLX)

Diversified Trust Co lessened its stake in shares of Netflix, Inc. (NASDAQ:NFLX) by 41.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,257 shares of the Internet television network’s stock after selling 4,378 shares during the period. Diversified Trust Co’s holdings in Netflix were worth $5,578,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Advisory Resource Group lifted its stake in Netflix by 0.7% in the third quarter. Advisory Resource Group now owns 1,746 shares of the Internet television network’s stock worth $1,238,000 after purchasing an additional 12 shares during the last quarter. Insight Wealth Strategies LLC lifted its stake in shares of Netflix by 1.9% in the 4th quarter. Insight Wealth Strategies LLC now owns 656 shares of the Internet television network’s stock valued at $585,000 after acquiring an additional 12 shares during the last quarter. New World Advisors LLC boosted its holdings in Netflix by 2.0% during the 3rd quarter. New World Advisors LLC now owns 724 shares of the Internet television network’s stock valued at $514,000 after acquiring an additional 14 shares during the period. Heartland Bank & Trust Co grew its position in Netflix by 0.9% during the 2nd quarter. Heartland Bank & Trust Co now owns 1,770 shares of the Internet television network’s stock worth $1,195,000 after acquiring an additional 15 shares during the last quarter. Finally, Cedrus LLC increased its stake in Netflix by 0.8% in the 3rd quarter. Cedrus LLC now owns 1,781 shares of the Internet television network’s stock worth $1,263,000 after purchasing an additional 15 shares during the period. 80.93% of the stock is owned by institutional investors and hedge funds.

Netflix Stock Down 0.7 %

Shares of NFLX traded down $6.26 during trading hours on Tuesday, hitting $875.53. The company had a trading volume of 855,876 shares, compared to its average volume of 2,363,828. Netflix, Inc. has a 52-week low of $472.95 and a 52-week high of $941.75. The firm has a fifty day moving average price of $869.23 and a 200-day moving average price of $748.42. The stock has a market capitalization of $374.25 billion, a price-to-earnings ratio of 49.55, a P/E/G ratio of 1.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.13 and a current ratio of 1.13.

Netflix (NASDAQ:NFLX) last issued its earnings results on Thursday, October 17th. The Internet television network reported $5.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.09 by $0.31. The firm had revenue of $9.82 billion for the quarter, compared to the consensus estimate of $9.77 billion. Netflix had a net margin of 20.70% and a return on equity of 35.86%. On average, equities research analysts forecast that Netflix, Inc. will post 19.78 EPS for the current fiscal year.

Insider Buying and Selling at Netflix

In other Netflix news, CEO Gregory K. Peters sold 4,186 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $750.00, for a total transaction of $3,139,500.00. Following the transaction, the chief executive officer now owns 13,090 shares in the company, valued at approximately $9,817,500. This represents a 24.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leslie J. Kilgore sold 383 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $730.00, for a total transaction of $279,590.00. Following the completion of the sale, the director now owns 35,262 shares in the company, valued at $25,741,260. This represents a 1.07 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 150,761 shares of company stock worth $125,713,484. Insiders own 1.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NFLX shares. TD Cowen raised their target price on shares of Netflix from $820.00 to $835.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Loop Capital lowered shares of Netflix from a “buy” rating to a “hold” rating and raised their price target for the stock from $800.00 to $950.00 in a report on Monday, December 16th. BMO Capital Markets reaffirmed an “outperform” rating and set a $825.00 price objective (up from $770.00) on shares of Netflix in a research note on Friday, October 18th. Wedbush reissued an “outperform” rating and issued a $950.00 target price (up from $800.00) on shares of Netflix in a research note on Monday, November 18th. Finally, Needham & Company LLC upped their price target on Netflix from $700.00 to $800.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $821.27.

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.