Charles Carroll Financial Partners LLC Sells 555 Shares of Netflix, Inc. (NASDAQ:NFLX)

Charles Carroll Financial Partners LLC trimmed its holdings in Netflix, Inc. (NASDAQ:NFLX) by 10.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,586 shares of the Internet television network’s stock after selling 555 shares during the period. Netflix accounts for approximately 2.4% of Charles Carroll Financial Partners LLC’s holdings, making the stock its 13th largest position. Charles Carroll Financial Partners LLC’s holdings in Netflix were worth $2,233,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NFLX. International Assets Investment Management LLC raised its holdings in Netflix by 15,039.1% in the 4th quarter. International Assets Investment Management LLC now owns 2,075,569 shares of the Internet television network’s stock worth $1,010,553,000 after acquiring an additional 2,061,859 shares during the period. Jennison Associates LLC increased its stake in shares of Netflix by 40.6% in the fourth quarter. Jennison Associates LLC now owns 5,452,271 shares of the Internet television network’s stock worth $2,654,602,000 after purchasing an additional 1,573,978 shares during the period. Assenagon Asset Management S.A. boosted its stake in Netflix by 142.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 667,597 shares of the Internet television network’s stock valued at $252,085,000 after purchasing an additional 392,427 shares during the period. Alecta Tjanstepension Omsesidigt boosted its stake in Netflix by 171.4% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 475,000 shares of the Internet television network’s stock valued at $231,258,000 after purchasing an additional 300,000 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Netflix in the 3rd quarter valued at approximately $99,219,000. 80.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Benchmark reaffirmed a “sell” rating and set a $440.00 target price on shares of Netflix in a research report on Thursday, April 18th. Piper Sandler raised their price objective on Netflix from $550.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Macquarie boosted their price objective on Netflix from $595.00 to $685.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. TD Cowen raised their target price on Netflix from $600.00 to $725.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Netflix from $500.00 to $565.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $631.15.

Insider Buying and Selling

In related news, Chairman Reed Hastings sold 18,361 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the sale, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Chairman Reed Hastings sold 18,361 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $551.54, for a total transaction of $10,126,825.94. Following the completion of the transaction, the chairman now directly owns 28 shares of the company’s stock, valued at approximately $15,443.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anne M. Sweeney sold 633 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $560.00, for a total transaction of $354,480.00. The disclosure for this sale can be found here. In the last three months, insiders sold 152,833 shares of company stock valued at $88,270,051. 1.76% of the stock is owned by corporate insiders.

Netflix Trading Up 2.5 %

Shares of NFLX stock traded up $14.19 on Friday, reaching $579.34. The company had a trading volume of 3,307,524 shares, compared to its average volume of 4,520,712. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.62. The stock has a market cap of $249.67 billion, a PE ratio of 40.20, a PEG ratio of 1.40 and a beta of 1.23. The company has a 50-day moving average of $602.57 and a 200-day moving average of $526.33. Netflix, Inc. has a 12 month low of $317.95 and a 12 month high of $639.00.

Netflix (NASDAQ:NFLX) last posted its earnings results on Thursday, April 18th. The Internet television network reported $5.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.51 by $0.77. Netflix had a return on equity of 29.62% and a net margin of 18.42%. The business had revenue of $9.37 billion during the quarter, compared to analysts’ expectations of $9.28 billion. During the same period in the prior year, the business earned $2.88 EPS. Netflix’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, equities analysts forecast that Netflix, Inc. will post 18.3 earnings per share 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.