Donald L. Hagan LLC Has $496,000 Holdings in Netflix, Inc. (NASDAQ:NFLX)

Donald L. Hagan LLC reduced its stake in shares of Netflix, Inc. (NASDAQ:NFLX - Free Report) by 49.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 532 shares of the Internet television network's stock after selling 521 shares during the period. Donald L. Hagan LLC's holdings in Netflix were worth $496,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings 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 buying an additional 110,432 shares during the period. PharVision Advisers LLC acquired a new stake in Netflix during the 4th quarter worth approximately $873,000. First National Trust Co raised its holdings 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 buying an additional 12 shares during the period. Haven Private LLC acquired a new stake in Netflix during the 4th quarter worth approximately $733,000. Finally, Sigma Planning Corp raised its holdings 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 buying an additional 386 shares during the period. 80.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Piper Sandler set a $1,150.00 price objective on shares of Netflix and gave the company an "overweight" rating in a report on Monday, April 21st. UBS Group lifted their price objective on shares of Netflix from $1,150.00 to $1,450.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Wedbush reiterated an "outperform" rating and issued a $1,200.00 price objective on shares of Netflix in a report on Monday, May 5th. Robert W. Baird lifted their price objective on shares of Netflix from $1,200.00 to $1,300.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Finally, Phillip Securities upgraded shares of Netflix from a "moderate sell" rating to a "hold" rating in a report on Monday, April 21st. Eleven analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,156.73.

Insider Activity

In other news, CAO Jeffrey William Karbowski sold 480 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were sold at an average price of $978.18, for a total value of $469,526.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Spencer Adam Neumann sold 2,601 shares of the business's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $921.72, for a total transaction of $2,397,393.72. Following the completion of the sale, the chief financial officer now directly owns 3,691 shares of the company's stock, valued at approximately $3,402,068.52. The trade was a 41.34% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 185,140 shares of company stock valued at $210,271,552. 1.37% of the stock is owned by company insiders.

Netflix Stock Performance

NFLX stock traded down $2.88 during midday trading on Friday, reaching $1,212.15. 2,209,188 shares of the company were exchanged, compared to its average volume of 3,763,911. 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 business has a 50-day moving average price of $1,113.54 and a two-hundred day moving average price of $996.91. Netflix, Inc. has a one year low of $587.04 and a one year high of $1,262.81. The firm has a market capitalization of $515.86 billion, a price-to-earnings ratio of 61.13, a price-to-earnings-growth ratio of 2.12 and a beta of 1.59.

Netflix (NASDAQ:NFLX - Get Free Report) last announced its earnings results on Thursday, April 17th. The Internet television network reported $6.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $5.74 by $0.87. The company had revenue of $10.54 billion during the quarter, compared to analysts' expectations of $10.51 billion. Netflix had a net margin of 22.34% and a return on equity of 38.32%. During the same quarter in the previous year, the business posted $8.28 earnings per share. Equities research analysts forecast that Netflix, Inc. will post 24.58 EPS for the current year.

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.